HOTEL MARKET PERFORMANCE - Q2 2019
Helsinki's hotel market experienced mostly positive RevPAR developments across the second quarter of 2019.
RevPAR increased by 3.4% to EUR 91, driven by ADR, which increased by 3.8% to EUR 125. The occupancy rate for the quarter decreased slightly with 0.4% to 73.1%. RevPAR saw the only decrease during the quarter in April. RevPAR decreased by 3% to EUR 68. The RevPAR decrease was driven by an increase in ADR by 0.4% to EUR 106 and a decrease in occupancy by 3.4%. Compared to April both May and June saw an increase in RevPAR. In May RevPAR increased by 1.8% to EUR 97. Occupancy decreased by 0.4% to 76.2%. ADR increased by 2.2% to EUR 127. June experienced the most significant increase in RevPAR by 9% to EUR 108, this was driven by the increase in ADR by 7.1% to EUR 137 and the increase in occupancy by 1.8% to 78.7%.
|ADR in EUR||106||127||137||125|
|RevPAR in EUR||68||97||108||91|
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