HOTEL MARKET PERFORMANCE - Q2 2019
The Stockholm hotel market performance indicators were negative positive in the second quarter of 2019, except for the occupancy level.
Stockholm experienced a 2.2% RevPAR decrease to 934 SEK. The decrease was influenced by both occupancy with an increase of 0.3%. ADR decreased by 2.5%. In April, the market experienced a significant decrease in RevPAR by 18.3%, ADR by 11.8% and a decrease in Occupancy by 7.3%. May saw the most significant increase in RevPAR, ADR and Occupancy, RevPAR displayed a 11% increase to SEK 1099 resulting from a 5.5% increase in occupancy and a 5.2% increase in ADR. The last month of the first quarter, June, saw a decrease in RevPAR, Occupancy increased by 1.8% and ADR decreased by 4.3%. This led to a decrease of 2.6% to 1013 SEK in RevPAR.
|ADR in SEK||1095||1407||1342||1297|
|RevPAR in SEK||680||1099||1013||934|
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