Quarterly market performance report - Q4 2021
Helsinki
- In Q4, all the KPIs in Helsinki increased compared to the same quarter last year. Overall, the occupancy was 46%, ADR EUR 107 and RevPAR EUR 49. In comparison to 2019, the quarter had a weak performance with a RevPAR index of 0.55.
- In October, the occupancy in Helsinki was 45%, and the ADR continued at the same level as in September at EUR 100. As a result, the RevPAR was EUR 45, a strong RevPAR compared to previous months in 2021.
- In November, all the KPIs continued to increase. The occupancy increased to 53%, a positive change of 18% from October. The ADR was EUR 109 and the RevPAR was up at EUR 58.
- In December, the occupancy was approx. 39%, indicating a drop since November. ADR, on the other side, continued to increase and was EUR 112 in December. All this, led to a RevPAR of EUR 43, the weakest RevPAR of the quarter.
| Oct | Nov | Dec | Q4 | |
|---|---|---|---|---|
| Occupancy(%) | 45 | 53 | 39 | 46 |
| ADR in EUR | 100 | 109 | 112 | 107 |
| RevPAR in EUR | 45 | 58 | 43 | 49 |
NHC PUBLICATIONS
Helsinki Hotel Investment Guide 2020
Jan 2021
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/helsinki-hotel-investment-guide-2020/
READ ARTICLE
Large-scale hotel expansion under Northern Lights
Dec 2018
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