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Turnover fell by nearly 20%, the European hotel and catering industry was hit hard

Date:2020-06-10

Affected by the epidemic, the industry-wide turnover will be reduced by at least 20% this year.

The investigation revealed that the European hotel and catering industry was forced to close for more than two months due to the new crown epidemic situation.

According to data released recently by the Dutch Central Statistics Office, the Dutch hotel and restaurant industry, which has been closed since March 15, has become one of the industries most affected by the new crown epidemic. Although the actual closure in the first quarter was only half a month, the turnover of the catering industry fell by 14% year-on-year, marking the first decline in turnover in seven years. Statistics show that the largest loss of turnover is in coffee shops and restaurants, which have fallen by 16% and nearly 17% respectively.

The Belgian hotel catering industry has been closed since March 14. According to the estimation of the Federation of Hotels and Restaurants in the Flemish Region of Belgium, if it is closed until June 8, the industry-wide losses will amount to 3.9 billion euros. The Belgian Ministry of Economy and Employment said recently that the government has agreed on the reopening of the hotel and catering industry, but the timing of the reopening has not yet been determined.

Belgian Prime Minister Vermes said on the 29th that the government has reached agreement on a new round of "socio-economic protection plan" and will submit it to Parliament for approval as soon as possible. The plan contains some support policies for the hotel and catering industry.

The Luxembourg hotel catering industry has fully resumed business from the end of May. The Luxembourg Hotel & Restaurant Association estimates that the industry-wide turnover will be reduced by at least 20% this year due to the epidemic. Luxembourg’s Minister of Small and Medium-sized Enterprises and Tourism, Leix Dele, said: “The various subsidies issued by the government to enterprises through the Solidarity Fund will drive the recovery of the hotel and catering industry.”

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