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Home Countries Belgium

CBS: Positive results for sector hotels and restaurants in spring

by PressCenter.com
September 6, 2014
in Belgium, Business & Entrepreneurs, Business & Entrepreneurship, Categories, Countries, Sources
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  • All branches in the sector show turnover and volume growth
  • Pubs achieve best results

Pubs achieve good results

With a 3.4 percent turnover growth and a 2.6 percent volume increase, pubs performed exceptionally well. Pubs benefited most from the fine weather in spring and the Football World Championship. For the first time since the third quarter of 2010, pubs realised volume as well as turnover growth, although the volume level is still far below the pre-recession level. Volume figures have fallen by more than a quarter since the record level reached in the second quarter of 2007.

Hotels and restaurants also report turnover growth

After a strong first quarter, the hotel branch also reported turnover growth ((1.6 percent) in the second quarter. With 0.2 percent, turnover growth generated by the restaurant branch was distinctly below the level of the preceding quarters. Volume declined by 0.3 percent. Snack bars and ice-cream parlours performed much better in the second quarter than restaurants.

Overall turnover generated by the sector hotels and restaurants was 5.1 percent up from the same quarter last year.

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