Turnover sector hotels and restaurants slumps 5.8 percent

27/08/2009 15:00

Hotels and pubs again suffer largest loss of turnover
Turnover cafeterias stable

According to the most recent figures released by Statistics Netherlands, turnover in the sector hotels and restaurants declined by 5.8 percent in the second quarter of 2009 compared to the same period in 2008. Prices increased by an average 1.9 percent. Turnover volume shrank by 7.6 percent, which is less than in the previous quarter.

In the second quarter, hotels and pubs also showed the worst results of the entire sector. Hotels recorded a turnover loss of 10.4 percent, unprecedented since the beginning of the series in 1993. Turnover of pubs also declined markedly by 9 percent relative to the second quarter of 2008. Prices increased by 4.7 percent. Turnover volume slumped by 13.1 percent.

Turnover volume of cafeterias dropped by 1.9 percent in the second quarter, prices rose by 2.1 percent. As a result, turnover was more or less the same as in the second quarter of 2008.

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