Turnover growth sector hotels and restaurants slows down in Q4

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Statistics Netherlands (CBS) reports that turnover generated by hotels, restaurants, snack bars and pubs rose by 0.6 percent in Q4 2015 relative to Q3. Turnover has risen for nearly three years in a row now. Snack bars, including tea rooms and ice cream parlours accounted for the best results. Turnover growth in Q4 2015 is mainly based on higher sales; consumer prices increased only modestly.

Simultaneously with Q4 data, data over the entire year 2015 have become available. Last year, the sector accounted for a 5.7 percent turnover growth compared to 2014, i.e. the highest growth rate in 15 years.

Turnover and volume developments sector hotels and restaurants (seasonally adjusted)

Snack bars show sharpest turnover growth

Within the sector hotels and restaurants, snack bars, tea rooms and ice cream parlours accounted for the highest growth, by 2.4 percent. Growth is mainly based on higher sales; turnover volume rose by 2 percent. Snack bars recorded the best turnover result in four and a half years.

Restaurants accounted for a 1.8 percent turnover growth (1.6 percent adjusted for price developments). Pubs too reported turnover growth (1 percent), volume was 0.4 percent up. In the pub segment, higher prices contributed more to turnover growth than in other parts of the sector. 

Hotels, on the other hand, were faced with a turnover decline by nearly 3 percent in Q4. In Q2 and Q3 2015, hotels in fact better had turnover results than other parts of the sector.

Turnover and volume developments sector hotels and restaurants (seasonally adjusted), Q4 2015

* No volume data available for hotels

Turnover results sector hotels and restaurants 6.6 percent up from Q4 2014

Year-on-year turnover growth generated in the sector hotels and restaurants was 6.6 percent in Q4 2015. All parts of the sector showed growth relative to Q4 2014. With 8.4 percent, snack bars, tea rooms and ice cream parlours accounted for the largest growth rate, followed by restaurants with 7 percent and hotels with 5.9 percent.

Pubs accounted for a turnover growth rate of 4.8 percent, which is above the level of the preceding quarters. Prices of food and drinks in pubs were 2.3 percent up from one year previously. On average, consumer prices across the sector were 1.3 percent higher than twelve months previously.

Sources