Nordic Market Overview
Nordics
Full report can be downloaded by click in the up-right corner. All numbers are converted into EUR
- Most capital cities recorded a solid Q2 with RevPAR growth, led by Oslo (+11% YoY). Stockholm was the only exception, showing a -4% YoY decline, explained by a decrease in ADR and lower demand.
- Strong regional growth recorded across all countries, with over 10% YoY RevPAR increases in cities like Aalborg, Turku and Tromsø. Gothenburg has started to recover after experiencing significant supply-addition over the last years.
- Arctic destinations are performing well, supported by strong foreign demand and improved connectivity. Destinations previously seen as winter destinations arenow also attracting visitors in the summer.
- Resort hotels across the Nordics performed strongly, driven by the “Coolcation” trend and growing demand for sustainable, climate-friendly travel.
- Summer is the peak period in the Nordics. With Q3 approaching, and the strong momentum seen in H1, the outlook suggests the potential for record-breaking summer results.
Sign up for our news letter and download the full market report in right-side corner!
| Copenhagen | Oslo | Stockholm | Helsinki | |
|---|---|---|---|---|
| Occupancy(%) | 82 | 73 | 69 | 66 |
| ADR in EUR | 174 | 159 | 144 | 123 |
| RevPAR in EUR | 143 | 116 | 99 | 81 |