HOTEL MARKET PERFORMANCE - Q2 2019
Copenhagen's performance success did not continue into Q2. RevPAR in the second quarter decreased by 9.8% to DKK 865 compared to the same period in 2018, this result was driven by a decrease in the ADR and the occupancy level.
Q2 occupancy decreased by 3.5% to 81.8% and the ADR by 6.5% to DKK 1057. In April RevPAR decreased by 4.5% to 654DKK. The result was equally affected by Occupancy and ADR. Occupancy decreased by 3.1% and ADR decreased by 1.5% compared to April 2018. Out of the 3 months May is the most distinctive due to the significant decrease in RevPAR by 14.2%. The ADR in May decreased by 10.7% whilst the occupancy decreased by 4.0%, resulting in RevPAR decreasing with 14.2% to 926 DKK. In June RevPAR decreased with 8.5%, ADR decreased with 5.3%, resulting in Occupancy decreasing with 3.4% to 87.4%.
|ADR in DKK||882||1103||1160||1057|
|RevPAR in DKK||654||926||1013||865|
Helsinki Hotel Investment Guide 2019
We have together with Helsinki Business Hub prepared a thorough investment guide for the Helsinki hotel market.
"The Greater Helsinki region is among the top cities in Europe in terms of tourism growth, and the most popular conference city in the Nordics. If you are a hotelier looking to grow, look no further. We’ll help you connect to the local ecosystem and find the perfect property."
What used to be a hidden gem is now a bustling hub of international tourists and business visitors. The Greater Helsinki region is attracting visitors at a staggering rate: the number of overnight stays has grown 28% in the past 5 years. The occupancy rate of hotel rooms in Helsinki is also one of the highest among Europe’s capitals (73% in 2018). To cater all the visitors, there is an eminent need for new hotels, especially in the budget and luxury range.
Helsinki is committed to developing the travel industry, especially focusing on sustainability and digitalization. This has earned Helsinki the title of the Capital of Sustainable Tourism 2019.
Read the entire publication here: https://www.helsinkibusinesshub.fi/hotels/READ ARTICLE
Large-scale hotel expansion under Northern Lights
The global hotel industry continues to show interest and optimism toward growth and performance of hotels in the Nordic region.
COPENHAGEN, Denmark—There is continued optimism about the growth and performance potential of the Nordics, as demonstrated through a survey of the delegates who attended the 9th annual NHC-Conference held in Copenhagen earlier this year.
Read the entire article here: http://hotelnewsnow.com/Articles/291995/Large-scale-hotel-expansion-under-Northern-Lights