Quarterly market performance report - Q4 2021
Copenhagen
- The hotels in Copenhagen experienced a positive trend compared to Q4 2020. The occupancy in the quarter was 54%, the ADR was DKK 853 and the RevPAR was DKK 457. Compared to 2019, the city was still behind with an occupancy index of 0.70 and ADR index of 0.90.
- In October, the city had an occupancy of 60% and an ADR of DKK 843, which was leading to a RevPAR of DKK 502. All the KPIs experienced an increase compared to 2020, although, there is a significant gap to the 2019-numbers.
- In November, all KPIs continued to increase from October. With an occupancy of 64% and an ADR of DKK 865, the RevPAR of the month raised to DKK 554.
- The last month of 2021, December, was influenced by new Covid-restrictions, hence, the occupancy dropped to 37%. The ADR, on the other side, remained relatively high at DKK 848, and led to a RevPAR of DKK 317.
| Oct | Nov | Dec | Q4 | |
|---|---|---|---|---|
| Occupancy(%) | 60 | 54 | 37 | 54 |
| ADR in DKK | 843 | 865 | 848 | 853 |
| RevPAR in DKK | 502 | 554 | 317 | 457 |
NHC PUBLICATIONS
Helsinki Hotel Investment Guide 2020
Jan 2021
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/
READ ARTICLE
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