Home » Business » Travel industry also saw a large part of turnover evaporate in the third quarter | NOW

Travel industry also saw a large part of turnover evaporate in the third quarter | NOW

Travel specialists saw their sales plummet in the third quarter by an average of 60.4 percent compared to the same period last year, the Central Bureau of Statistics reports (CBS) Tuesday. That is still less than the decline in the second quarter, when revenues shrank by 89.2 percent.

Due to the outbreak of COVID-19 and subsequent travel restrictions, the demand for mainly foreign travel fell sharply in the summer months. Due to travel restrictions, many Dutch people decided to go on holiday in their own country.

For example, Air France-KLM, which also includes Transavia, transported 70 percent fewer passengers in the third quarter. Agencies that offer a lot of foreign travel, such as TUI, also saw the number of bookings drop sharply.

IT specialists and legal advisers saw turnover increase

Statistics Netherlands also looked at other business service providers, such as IT specialists, architectural firms, legal advisers and advertisers. There it went considerably less badly than at travel agencies.

For example, IT service providers achieved an average of 0.8 percent more turnover in the third quarter than in the same period last year. Legal advisers also saw their turnover increase, by an average of 3.9 percent.

In the advertising industry, sales were considerably lower. The sector had to make do between the beginning of July and the end of September with an average turnover that was 15.8 percent lower than in 2019. Architects also had less to do. They saw turnover fall by 2.9 percent in the past quarter.

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