Quarterly market performance report - June - August 2020

Stockholm


Occupancy between June and Aug decreased by 72% to 21%, while ADR declined by 33%, compared to the same period in 2019, to SEK 799. RevPAR similarly reduced by 81% to SEK 167;

In June, occupancy dropped by 80% to 15%, while ADR decreased by 40% at SEK 790. Consequently, the 88% drop in RevPAR was driven both by the occupancy and ADR decline. RevPAR for the month of June ended up at SEK 121;

In July, RevPAR plummeted by 75%, caused by both an 69% decrease in occupancy to 22%, and a 21% decrease in ADR to SEK 772. Consequently, RevPAR for April was SEK 166;

In August, occupancy declined by 68% to 26%. ADR also plummeted by 35% to SEK 827, thus driving the RevPAR drop of 79% to SEK 213.

Jun Jul Aug RTM
Occupancy(%) 15 22 26 21
ADR in SEK 790 772 827 799
RevPAR in SEK 121 166 213 167

NHC PUBLICATIONS

Helsinki Hotel Investment Guide 2019

Mar 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/

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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

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