Quarterly market performance report - Q4 2021
Oslo
- During Q4, Oslo continued to improve their performance compared to 2020, although December was a weak month. The occupancy of the quarter was 51% and the ADR was NOK 1,092, which led to a RevPAR of NOK 554 and a RevPAR index of 0.85 compared to the same quarter in 2019.
- In October, the occupancy raised to 60% for the first time in since February 2020. The ADR was NOK 1,055, whereas the RevPAR continued to grow from last month to NOK 635.
- In November, the ADR raised to NOK 1,125, a change of 42% compared to last year. Furthermore, the occupancy kept increasing to 65%, hence the RevPAR increased to NOK 725.
- The positive trend of recovering stopped in December. Due to implementation of new restrictions, the occupancy went down to 28%. Although, the ADR remained high at NOK 1,100, the RevPAR of the month was NOK 307.
| Oct | Nov | Dec | Q4 | |
|---|---|---|---|---|
| Occupancy(%) | 60 | 65 | 28 | 51 |
| ADR in NOK | 1055 | 1125 | 1100 | 1092 |
| RevPAR in NOK | 635 | 725 | 307 | 554 |
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