Quarterly market performance report - Q2 2021
Helsinki
- In relation to last year’s second quarter, Helsinki hotels significantly improved their occupancy rates, having increased with almost 170% to levels around 16%. However, ADR decreased with approximately 5% to 90 EUR compared to Q2 2020. Nonetheless, hotels in the region recorded RevPARs around 15 EUR.
- April was tough for hotels in Helsinki, having recorded occupancy rates around 11% and ADRs of 88 EUR, resulting in RevPAR levels of 9 EUR, nevertheless, a 186% improvement compared to April 2020.
- In May, hotels continued to significantly improve, occupancy rates were at around 16%, a 288% increase compared to May last year. In combination with an ADR of 92 EUR, Helsinki hotels achieved RevPAR levels around 14 EUR.
- In June, Helsinki hotels recorded occupancy levels at around 23% and ADRs were at 90 EUR, only a 3% decline compared to June last year, all in all, these numbers led to a RevPAR of around 20 EUR, a 97% improvement in relation to the same period last year.
| Apr | May | Jun | Q2 | |
|---|---|---|---|---|
| Occupancy(%) | 11 | 16 | 23 | 16 |
| ADR in EUR | 88 | 92 | 90 | 90 |
| RevPAR in EUR | 9 | 14 | 20 | 15 |
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