ABN Amro experts predict a significant rise in bankruptcies in the catering industry
1 day, 18 hours ago

ABN Amro experts predict a significant rise in bankruptcies in the catering industry

NL Times  

The number of bankruptcies of restaurants and other food establishments will likely hit record highs in 2025, ABN Amro experts on the matter have stated. “Although the Netherlands catering industry looked like it was recovering well from the coronavirus pandemic, the problems are now piling up again.” The experts said that this is due to a combination of increased costs, declining margins, and rising debts. ING reported on Wednesday that the prospects for the catering industry are “moderately positive.” They are expecting a growth of three percent. “Thanks to an increase in purchasing power, the consumer will go out at catering establishments more often than in 2024.” The prices in the catering industry will rise by an average of five percent, according to ING.

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History of this topic

Bankruptcies in hospitality sector doubled; 40% doubt that they'll survive the year
11 months, 4 weeks ago

Bankruptcies in hospitality sector doubled; 40% doubt that they'll survive the year

NL Times  

Last year, 245 companies in the hospitality sector were declared bankrupt up to and including November. Around 40 percent of the remaining catering and accommodation businesses have doubts about whether they’ll still be standing in a year and 12 percent struggle with problematic debts. If your business is still around you can already count yourself lucky, and if you’re increasing …

More restaurants for sale as financial troubles mount
2 years, 6 months ago

More restaurants for sale as financial troubles mount

NL Times  

The number of catering businesses for sale in the Netherlands increased by at least a quarter since the beginning of this year. Many restaurant and cafe owners are giving up due to financial problems, NOS reports after speaking to brokers, catering businesses, and sector economist Gerarda Westerhuis of ABN Amro. Brokers estimate that the number of catering businesses for sale …

Catering sector recovering quickly, though costs continue to rise: ING
2 years, 7 months ago

Catering sector recovering quickly, though costs continue to rise: ING

NL Times  

The Netherlands' catering industry is recovering from the coronavirus crisis at a breakneck speed and will likely run at pre-pandemic levels next year, ING said in a report. The sector also benefits from several major events in the country, like King's Day, the World Cup, the Formula 1 in Zandvoort, and the first three stages of the Spanish cycling race …

Drastic increase in bankruptcies could hit industries: ABN AMRO
2 years, 9 months ago

Drastic increase in bankruptcies could hit industries: ABN AMRO

NL Times  

Experts at ABN AMRO predict that bankruptcies will escalate this year and the next due to soaring energy prices and the phasing out of government aid, according to a report by the bank. ABN AMRO expects a withdrawal in wage-support measures to increase bankruptcies, driving more people into the labor market. The catering industry was especially hard hit judging by …

Lockdown costing hospitality industry €200 million in revenue weekly: ABN Amro
3 years ago

Lockdown costing hospitality industry €200 million in revenue weekly: ABN Amro

NL Times  

The current lockdown means that the catering industry is losing 200 million euros in turnover every week, economists at ABN Amro have calculated. The leisure sector, which includes both the hospitality industry and travel organizations, will also not return to the level of 2019 next year, due to the effects of the coronavirus pandemic. The transport and logistics sector also …

Catering entrepreneurs increasingly gloomy about the future
3 years, 10 months ago

Catering entrepreneurs increasingly gloomy about the future

NL Times  

The future does not look bright for more and more catering entrepreneurs in the Netherlands. If the current coronavirus situation continues, about 15 percent of entrepreneurs in the hospitality industry think they won't last more than two months, double the 7 percent that thought so a quarter ago, Statistics Netherlands reported. 41 percent of hospitality entrepreneurs don't expect to last …

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