Quarterly market performance report - Q3 2021
- In Q3, Stockholm performed at another level compared to 2020. With an occupancy change of 73% and a ADR raise of 11%, the RevPAR for Q3 ended at SEK 427. That is an increase of 94% compared to the same quarter in 2020, but only corresponds to index 0.55 to Q3 performance in 2019.
- In July, Stockholm recorded an increase of all the KPIs. The occupancy increased by 96%, ADR increased by 12% and RevPAR increased by 122%. The increase led to a RevPAR of SEK 379 for the month.
- August was another month of improvement in the city. The occupancy and RevPAR increased with respectively 77% and 103%, whereas ADR raised with 14%. Overall, the month signified that the market is continuing to recover.
- In September, the ADR was for the first time back above SEK 1,000 since March 2020. Furthermore, the occupancy and RevPAR continued to increase by 52% and 68% respectively compared to 2020.
|ADR in SEK||877||945||1005||943|
|RevPAR in SEK||379||441||461||427|
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