Financial impact of food services due to coronavirus measures in the Netherlands 2020

As of 2020, due to the long-term measurements taken to prevent the coronavirus from spreading too fast, it is estimated that food services will deal with approximately a revenue loss of 7.1 billion euros. With just over 4.4 billion euros, hotels, restaurants and cafes will be hit hard, whereas convenience and catering business estimated financial losses of roughly 1.7 billion euros and 970 million euros, respectively.

The leisure industry are forecasted to see decreases of over ten percent in their added value, making them one of Netherlands' hardest hit industries of COVID-19 in 2020. This according to calculations made by economists from Dutch bank ABN AMRO.

Estimated revenue loss of food services due to coronavirus (COVID-19) measures taken in the Netherlands in 2020

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Source

Release date

April 2020

Region

Netherlands

Survey time period

April 17, 2020

Supplementary notes

The estimated financial impact are based on the current (semi) lockdown in the Netherlands and the expected 1,5 meter distance economy. The semi-lockdown includes specific rules that apply to visiting retail stores, pharmacies, taking the public transport etc, but running or walking outside with people from within your household is allowed with at least 1,5 meter distance to other people outside of your household. Hotels, restaurants or any other form of hospitality in which people gather in groups are prohibited.

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