Turnover up in Q1 2016 for hotel and restaurant sector

Turnover in the hotel and restaurant sector grew less significantly in Q1 2016 compared to last year, when growth averaged 1.5 percent per quarter.

Turnover growth largest for snack bars

Within the hotel and restaurant sector, turnover rose most significantly for snack bars, which include lunchrooms, fastfood restaurants, meal deliverers and icecream parlours. This development was already seen in Q4 2015. Especially fastfood restaurants and meal deliverers experienced turnover gains.

Snack bars had a 2.6 percent higher turnover during the first three months of this year than in the last quarter of 2015. The volume (roughly the number of refreshments sold) grew by 2.1 percent, with price increases playing only a minor part.

Turnover at pubs rose for the sixth quarter on end. In the first quarter of this year, the rise in turnover was 1.2 percent while the volume increased by 0.9 percent.

Hotels and restaurants recorded turnovers similar to one quarter previously. Restaurants saw a slight decrease in volume, however ( 0.4 percent). Consumers spent less on food and/or drinks at restaurants than in Q4 2015, while the prices they paid were up slightly.

Year-on-year growth in turnover 7 percent

Compared to Q1 2015, the hotel and restaurant sector achieved 7 percent more turnover. All branches achieved growth with snack bars leading the list. Hotels and restaurants saw a 4.4 percent growth in volume, with prices on average 2.5 percent higher than one year previously. The hotel and restaurant sector has been seeing year-on-year growth in turnover and volume for nearly three consecutive years.

* development in volume of hotels not available