HOTEL MARKET PERFORMANCE - Q4 2019
The hotels in Stockholm improved RevPAR performance by 2.1% in the fourth quarter to SEK 799. The growth was primarily driven by a higher ADR level, which improved by 1.8% to SEK 1,206. The occupancy level remained rather stable at 66.2%. The positive development in performance was driven by strong growth in November but also supported by moderate growth in both October and December.
In October, an increase of 1% in the ADR level to SEK 1,224 and a stable occupancy rate resulted in RevPAR to grow by 1% to SEK 902.
The same picture was apparent in November, where a strong rise in ADR of 2.8% and a minor increase in occupancy to 72% caused RevPAR to improve by 3.7% to SEK 894.
Stable occupancy was not the case in December, where a minor decrease of almost 1% resulted in occupancy to drop to 53%. However, with an increase in ADR of 1.5% to SEK 1,206, RevPAR remained almost unchanged at SEK 605.
Source: Benchmarking Alliance
|ADR in SEK||1224||1239||1138||1206|
|RevPAR in SEK||902||894||605||799|
Helsinki Hotel Investment Guide 2019
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/hotels/READ ARTICLE
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