Accommodation and catering revenue in Q2 2022 above pre-COVID level

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Compared to Q2 2021, the turnover of the accommodation and catering sector is 84.7 percent upper. Last year, however, the sector was again hit by coronavirus measures in the second quarter.

Accommodation and catering revenue (seasonally adjusted)
2015 Quarter 1 97.07
2015 Quarter 2 99.49
2015 Trimester 3 100.33
2015 Quarter 4 102.77
2016 Quarter 1 103.61
2016 Quarter 2 104.18
2016 Trimester 3 108.19
2016 Quarter 4 108.31
2017 Quarter 1 110.54
2017 Quarter 2 112.58
2017 Trimester 3 113.93
2017 Quarter 4 115.5
2018 Quarter 1 117.82
2018 Quarter 2 120.8
2018 Trimester 3 121.08
2018 Quarter 4 123.52
2019 Quarter 1 122.61
2019 Quarter 2 125.01
2019 Trimester 3 125.75
2019 Quarter 4 128.1
2020 Quarter 1 109.7
2020 Quarter 2 53.1
2020 Trimester 3 109.4
2020 Quarter 4 61.3
2021 Quarter 1 59
2021 Quarter 2 81
2021 Trimester 3 124.3
2021 Quarter 4 102.3
2022 Quarter 1 112.7
2022 Quarter 2 147.9

Much more turnover in hotels, cafes and restaurants

Seasonally adjusted revenue from accommodation services, including hotels and holiday parks, increased by 37.9 forcent in Q2 2022 compared to the previous quarter. The hotels had almost 61 percentnt more turnover than in the previous quarter. Turnover from other accommodation services, including holiday parks and campsites, increased less significantly (by 2.5 perecent). Indeed, hotels have been hit much harder by the coronavirus crisis than other accommodation services.

Restore point turnover increased by 29.1pcent compared to the previous quarter. All the underlying branches recorded sales growth. Cafes saw the biggest increase: 48.9 forhundred. Restaurants have reached 36.2 percent turnover higher than that of the previous quarter. Both branches benefited greatly from the abolition of the measures. The turnover of fast food restaurants (including snack bars and cafeterias) increased by 5.8 perecent compared to the previous quarter. Canteens and catering carried out 34.5 percentt more turnover.

Accommodation and catering revenue (seasonally adjusted data), Q2 2022
Accommodation services (total) 37.9
Hotels 60.8
Other Hosting Services 2.5
Food and beverage services (total) 29.1
Coffees 48.9
Restaurants 36.2
Canteens and catering 34.5
Fast food 5.8

Accommodation and catering revenue up nearly 85% year-on-year

In the second quarter of 2022, accommodation and food services revenue was 84.7%nt up from the same quarter of 2021. The substantial growth is due to the fact that the sector was again badly affected by the coronavirus measures during the second quarter of last year. The restrictive measures had already been considerably relaxed in the first quarter of 2022 and were completely lifted in the second quarter. For the first time since the coronavirus crisis, turnover was also higher than in the same quarter before the crisis. Compared to Q2 2019, revenue was close to 19 percentnt higher.

Saved Hotels 172.4 percentt more revenue in Q2 than a year earlier. Compared to Q2 2019, revenue was close to 6 percentnt higher. Holiday home rental companies and campsites recorded an increase in turnover of 27 peoplerecent compared to Q2 2021 and over 20 sprecent compared to Q2 2019.

The year-on-year revenue increase in cafes was 134.4percent to T2. This is the highest increase in turnover of all branches, with the exception of hotels. Revenue was more than 19% higher than the same quarter of 2019. Restaurants achieved 94.5 forcent of turnover more from one year to the next. Compared to Q2 2019, revenue is up by almost a quarter.

Fast food restaurants reported a year-over-year revenue increase of 32.2phundred. Compared to Q2 2019, revenue increased by 28.3%. Finally, canteens and catering carried out over 83 percent more turnover than a year earlier. Their turnover was 13.6%nt higher than in Q2 2019.

Accommodation and catering revenue, Q2 2022
Accommodation and catering (total) 84.7 18.7
Accommodation services (total) 105.6 9.5
Hotels 172.4 5.7
Other Hosting Services 27 20.2
Food and beverage services (total) 77.8 22.6
Coffees 134.4 19.3
Restaurants 94.5 24.3
Canteens and catering 83.2 13.6
Fast food 32.2 28.3

Accommodation and food service entrepreneurs less positive

At the start of the third quarter of 2022, business confidence showed a decline in most industries. Nonetheless, it remained positive across all industries. The largest decline was observed in accommodation and food services. Entrepreneurs in this sector were considerably less positive about their sales over the next three months and more negative about the economic climate over the next three months, compared to the previous quarter. Since the outbreak of the coronavirus pandemic, business confidence (the percentage balance of positive and negative responses) has been volatile, in part due to COVID-19 measures.

Confidence index of accommodation and catering companies
Quarter 4 1.9
2020 Quarter 1 0.2
2020 Quarter 2 -84.3
2020 Trimester 3 -52.4
2020 Quarter 4 -27.4
2021 Quarter 1 -57.1
2021 Quarter 2 -32.6
2021 Trimester 3 39.8
2021 Quarter 4 34.5
2022 Quarter 1 -35.3
2022 Quarter 2 40.9
2022 Trimester 3 15.5
Source: CBS, BEI, KVK, MKB-Nederland, VNO-NCW
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