Quarterly market performance report - Q2 2021
- Stockholm hotels have experienced an improvement across all KPIs when compared with last year’s second quarter, having recorded occupancy rates of approximately 24% in combination with ADRs around 840 SEK. Stockholm hotels have, on average, achieved a RevPAR level of 197 SEK, a 97% improvement compared to Q2 last year.
- In April, Stockholm’s hotels achieved occupancy levels at around 20%, a 109% increase compared to April of 2020. However, ADR remained relatively stagnant at levels around 800 SEK, a mere -0.8% difference compared to the same period last year, resulting in an average RevPAR of 162 SEK.
- In May, hotels in Stockholm increased their ADR compared to May 2020 with around 6.5%, resulting in ADRs around 844 SEK. Additionally, occupancy rates were also greater than May last year, having increased by 82.9% to approximately 23%, thus resulting in a RevPAR of 193 SEK.
- In June, similarly to Copenhagen, hotels in Stockholm achieved occupancy levels around 27% with ADRs around 864 SEK leading to an average RevPAR of 236 SEK, a 91% improvement compared to June last year.
|ADR in SEK||801||844||864||839|
|RevPAR in SEK||162||193||236||197|
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