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.

 

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Copenhagen Oslo Stockholm Helsinki
Occupancy(%) 82 73 69 66
ADR in EUR 174 159 144 123
RevPAR in EUR 143 116 99 81

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