Turnover in accommodation and food services sector up by 6.6 percent in Q4

The publication of the figures for Q4 also means that the annual figure for 2024 as a whole is available. In 2024, the turnover of the accommodation and food services sector grew by 5.4 percent compared to 2023. Turnover in accommodation services increased by 4.1 percent and turnover in food and beverage outlets increased by 5.9 percent. Growth in the accommodation and food services sector was lower in 2024 than in 2023, when turnover growth was 12.6 percent.

Turnover in accommodation services increased by 3.7 percent

In Q4 2024, turnover in accommodation services, which includes hotels and holiday parks, increased by 3.7 percent year on year. Hotel turnover was up 3.6 percent on Q4 2023, while holiday rentals and camping sites recorded an increase of 3.8 percent.

Turnover in food and beverage outlets 7.8 percent higher

The turnover of food and beverage outlets increased by 7.8 percent compared with Q4 2023.Restaurants recorded the largest increase in turnover in the accommodation and food services sector, at 9 percent. Canteens and catering saw their turnover grow by 7.8 percent. Fast-food outlets and cafés recorded an increase in turnover of 6.4 and 6.5 percent, respectively.

Entrepreneurs in the accommodation and food services sector more negative

Around three weeks ago, Statistics Netherlands published new data on business confidence in the Dutch private sector. Business confidence is negative across all sectors and industries except for business services. Almost all sectors saw a deterioration in sentiment. Sentiment was the most negative in the agriculture, forestry and fisheries sector and the accommodation and food services sector.

Business confidence in the accommodation and food services sector fell from -11.3 at the beginning of Q4 2024 to -17.9 in Q1 2025. Businesses in this sector were more negative about both economic conditions over the past three months and the economic outlook for the next three months.

New statistics for the services sector

Due to new European regulations, changes have been made to CBS statistics on the accommodation and food services sector and the other business services sector, among others, with effect from 2024. In addition to turnover (the total value of goods and services supplied), figures on production (volume of added value) are now also available. Furthermore, monthly figures are published for these sectors in addition to quarterly and annual figures. Finally, the base year has been changed from 2015 to 2021.

In the near future, monthly news releases will be published on production in the services sector (including the accommodation and food services sector). The current quarterly reports on the turnover of certain specific sectors (such as accommodation and food services, business services and transport) will continue.

Due to this change and the transition from quarterly to monthly figures, the period on which the seasonal correction model is based will be too short to produce reliable seasonally adjusted figures. These are expected to be added retroactively from 2021 in the spring of 2025.