Quarterly market performance report - Q1 2021
- With an overall 59% decline in occupancy compared to last year’s quarterly results, together with a drop in ADR of approximately 30% to 776 SEK, Stockholm has experienced an overall average RevPAR of 141 SEK in the first quarter.
- January was the weakest month of the quarter, occupancy was at an average 15%, a drop of 71% compared to last year. Furthermore, this decline in occupancy led to a RevPAR of 115 SEK which was also contributed by the low 770 SEK ADR of the quarter.
- In February, Stockholm noted almost a 20% average occupancy, the highest occupancy in February amongst the Nordic markets, however, it is a 66% decline compared to last year. ADR was at 785 SEK, which contributed to a RevPAR of 153 SEK.
- In the third month of the quarter, there was a slight improvement in comparison with February. With an average occupancy just above 20%, combined with a 773 SEK ADR, Stockholm noted an average RevPAR of 156 SEK, 47% less than last year.
|ADR in SEK||770||785||773||776|
|RevPAR in SEK||115||153||156||141|
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