Quarterly market performance report - Q1 2021

Oslo


  • Overall, the Oslo hotel market has experienced a great drop in performance compared to last year. ADR has been at an average ADR of 781 NOK throughout the quarter, with a 15% occupancy, resulting in a RevPAR of 113 NOK.
  • In January, the Oslo hotel market faced an occupancy rate of 16% and an ADR of 785 NOK, resulting in a RevPAR drop of 78% to 127 NOK.
  • February was the worst of the three months, with a RevPAR of 98 NOK contributed by the low 13% occupancy and 760 NOK ADR.
  • In March, Oslo experienced a RevPAR of 112 NOK, a 59% decrease compared to last year. Furthermore, March was the best performing month in terms of ADR in the Oslo market, recording an average 792 NOK, however, occupancy was at approximately 14%.
Jan Feb Mar Q1
Occupancy(%) 16 13 14 15
ADR in NOK 785 760 792 781
RevPAR in NOK 127 98 112 113

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

READ ARTICLE