Quarterly market performance report - Q2 2021
- During the second quarter of the year, Oslo hotels significantly improved their performance compared to last year, even though ADR has decreased by approximately 5% compared to Q2 last year, occupancy increased by 124%, resulting in a RevPAR of 229 NOK for the period.
- During the month of April, Oslo hotels recorded relatively high occupancy rates compared to April last year, having increased by 213% to 19% average occupancy during the month. However, ADR was at 817 NOK, 12.5% less than April last year, as a consequence, RevPAR resulted in 156 NOK.
- In the month of May, Oslo hotels continued improving on their occupancy rates by 164% compared to May 2020, recording levels around 25% and ADRs around 878 NOK, consequently leading to a RevPAR of 220 NOK.
- During June, hotels in the area achieved the highest occupancy rates compared to any Nordic capital, recording occupancy rates around 34% for the month, approximately 76% better than June last year. ADRs were around 911 NOK, which resulted in a RevPAR of 310 NOK.
|ADR in NOK||817||878||911||877|
|RevPAR in NOK||156||220||310||229|
Helsinki Hotel Investment Guide 2020
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/
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