The value of accommodation and food service activities increased year-on-year in May, according to the Central Statistics Office (CSO) Monthly Services Index May 2022 (Provisional) April 2022 (Final).
According to a statement published on CSO.ie, the value of accommodation and food service activities decreased by 0.2% month-on-month in May, but increased by 247% year-on-year.
Meanwhile, the volume of services output of accommodation and food and service activities decreased by 0.8% month-on-month in May, but increased by 221% year-on-year, according to the statement published on CSO.ie, which also noted that the value of services in the case of accommodation and food services activity decreased by 8.5% in May of 2022 compared to pre-COVID-19 pandemic February of 2020, while the volume of services in the case of accommodation and food services activities decreased by 13.7% in May of 2020 compared to pre-pandemic February of 2020.
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© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.