Turnover accommodation and food services rebounds sharply in Q3

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In Q3 2020, turnover in the accommodation and food services sector rose by an unprecedented 103.6 percent compared to the previous quarter, as reported by Statistics Netherlands (CBS). As a result of the relaxation of the measures against the spread of coronavirus, turnover was virtually at the same level as in Q1 2020. Despite the strong recovery, it was still 12.2 percent lower than in the same quarter last year. Accommodation and food services therefore remains one of the sectors most severely affected by the coronavirus crisis. The volume of sales (turnover adjusted for price developments) increased by 103.2 percent relative to the previous quarter.

Considerably more turnover for accommodation establishments in Q3

In Q3 2020, turnover in accommodation services, including hotels and holiday parks, rose by 150 percent relative to the preceding quarter. The volume of sales (turnover adjusted for price developments) increased by 153.5 percent. Despite these unprecedented figures, turnover was still 19.7 percent lower than in the same quarter one year previously. In Q3, hotels saw their turnover grow by nearly 226 percent compared to the previous quarter. However, it was 32.4 percent down year-on-year.

Turnover food and beverage services surging

In Q3 2020, turnover by food and beverage services (including restaurants, fast-food restaurants, canteens, catering companies and cafés) increased by 91.4 percent relative to the previous quarter. However, turnover was 9 percent lower than in the same quarter last year.

At 164 percent, cafés recorded the largest turnover increase. The volume grew by almost 162 percent. Turnover was 10.1 percent lower than in Q3 2019. Restaurants saw a sharp increase in turnover and volume as well: 129.8 and 128 percent respectively.

Turnover of fast-food restaurants and canteens and catering rose less rapidly, but still by 43.5 and 43.7 percent respectively. Within accommodation and food services, only fast-food restaurants realised more turnover than in the same quarter last year (0.9 percent). Turnover by canteens and catering was down by 34.6 percent year-on-year.

Sources

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