Quarterly market performance report - Q3 2021
Helsinki
- In Q3, both occupancy and RevPAR increased significantly with 56% and 61% compared to the quarter last year. The RevPAR performance corresponds to index 0.37 to Q3 performance in 2019. On the other hand, ADR experienced a minor increase of nearly 3%.
- In July, the occupancy in Helsinki was 45%, a change of 61% from July 2020. In contrast, ADR decreased by -2%, however, the RevPAR increased 57% and ended at EUR 39.
- In August, all the KPIs had a positive change with an occupancy at 40%, ADR at EUR 92 and RevPAR at EUR 37. Yet, it should be noted that compared to the previous month, July, it was a decrease for both occupancy and RevPAR.
- In September, the occupancy was 33%, a change of 63% to 2020. Further, the ADR increased by 11% to EUR 100 and RevPAR increased by 83% to EUR 33.
| Jul | Aug | Sept | Q3 | |
|---|---|---|---|---|
| Occupancy(%) | 45 | 40 | 33 | 63 |
| ADR in EUR | 85 | 92 | 100 | 91 |
| RevPAR in EUR | 39 | 37 | 33 | 36 |
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