Turnover accommodation and food services up by 0.3 percent in Q3

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© Hollandse Hoogte / Jan Lankveld
Seasonally adjusted turnover in the accommodation and food services sector rose by 0.3 percent in Q3 2023 relative to Q2 2023, as reported by Statistics Netherlands (CBS). However, sales volume (turnover adjusted for price changes) decreased by 1.6 percent. Turnover fell by 1.4 percent in accommodation services and rose by 0.9 percent among food and beverage outlets.

Turnover accommodation and food services (seasonally adjusted)
YearQuarterTurnover (2015=100)Volume (2015=100)
2016Quarter 1103.6101.9
2016Quarter 2104.2102.6
2016Quarter 3108.2105.2
2016Quarter 4108.3104.8
2017Quarter 1110.5105.7
2017Quarter 2112.6106.8
2017Quarter 3113.9106.9
2017Quarter 4115.5108.1
2018Quarter 1117.8109
2018Quarter 2120.8111.2
2018Quarter 3121.1110.7
2018Quarter 4123.5112.5
2019Quarter 1122.61111.4
2019Quarter 2125.01111.9
2019Quarter 3125.75112.3
2019Quarter 4128.1114.4
2020Quarter 1109.797.2
2020Quarter 253.1
2020Quarter 3109.495.5
2020Quarter 461.352.7
2021Quarter 159
2021Quarter 28169
2021Quarter 3124.3105.2
2021Quarter 4102.385.2
2022Quarter 1112.190.9
2022Quarter 2147.5116.8
2022Quarter 3150.1116.7
2022Quarter 4150.6115.7
2023Quarter 1155.3116
2023Quarter 2161.5119.6
2023Quarter 3161.9117.7
* volume figures 2020-II and 2021-I unknown or insufficiently reliable

Turnover in accommodation services down

Seasonally adjusted turnover in accommodation services, including hotels and holiday parks, fell by 1.4 percent in Q3 2023 relative to the previous quarter. Hotels generated 1.7 percent less turnover than in Q2. Other accommodation services such as holiday parks generated 0.5 percent less turnover. Sales volume (turnover adjusted for price changes) in accommodation services decreased by 4.8 percent.

In Q3, turnover of food and beverage outlets (seasonally adjusted) increased by 0.9 percent compared to the previous quarter. Canteens and catering recorded the strongest turnover growth, at 1.4 percent. Cafés and restaurants both recorded an increase of 0.8 percent. Fast-food restaurants (including snack bars and cafeterias) achieved a growth of 0.6 percent. Sales volume for food and beverage outlets fell by 1.1 percent.

Turnover accommodation and food services (seasonally adjusted), Q3 2023
 change (quarter-on-quarter % change)
Accommodation services (total)-1.4
Hotels-1.7
Other accommodation services-0.5
Food and beverages services (total)0.9
Canteens and catering1.4
Cafés0.8
Restaurants0.8
Fast-food restaurants0.6

Turnover in accommodation and food services up by nearly 8 percent in Q3 year on year

The accommodation and food services sector achieved 7.7 percent higher turnover in Q3 than in the same quarter of 2022. Year on year, turnover has increased (substantially) in each quarter since Q2 2021. Sales volume (turnover adjusted for price changes) increased by 0.9 percent.

In the accommodation services, hotels recorded a turnover increase of 6 percent, while holiday park rental companies and campsites recorded a 3.5 percent increase relative to Q3 2022.

Canteens and catering companies generated 14 percent more turnover compared to one year previously, the strongest growth in the accommodation and food services sector. Restaurants increased their turnover by 9.2 percent year on year. Fast-food restaurants recorded a year-on-year turnover increase of over 7 percent, and for cafés this amounted to 4.5 percent.

Turnover accommodation and food services, Q3 2023
 Compared to Q2 2022 (year-on-year % change)
Accommodation and food services (total)7.7
Accommodation services (total)5.3
Hotels6
Other accommodation services3.5
Food and beverages services (total)8.6
Fast-food restaurants14
Restaurants9.2
Cafés7.3
Canteens and catering4.5

Sentiment among hotel and catering entrepreneurs deteriorated

Business confidence in accommodation and food services decreased from -10,8 at the beginning of Q3 to -13.1 at the beginning of Q4. Entrepreneurs in this sector were less negative about the economic climate in the past three months, but more negative about the economic climate for the next three months. At the start of Q4, business confidence was negative in almost all Dutch sectors.

Business confidence accommodation and food services
YearQuarterTurnover
2020Quarter 1-2.5
2020Quarter 2-85.6
2020Quarter 3-43.3
2020Quarter 4-46.7
2021Quarter 1-53.1
2021Quarter 2-28.8
2021Quarter 332.8
2021Quarter 430.1
2022Quarter 1-32.5
2022Quarter 221.2
2022Quarter 33.3
2022Quarter 4-23.4
2023Quarter 1-19.5
2023Quarter 2-7.7
2023Quarter 3-10.8
2023Quarter 4-13.1
Source: CBS, EIB, KVK, MKB-Nederland, VNO-NCW