Quarterly market performance report - Q4 2021
Stockholm
- In Q4, Stockholm performed at a better level compared to 2020. With an occupancy change of 126% and an ADR increase of 25%, the RevPAR for Q4 ended at SEK 555. Even though, the RevPAR increased compared to the same quarter in 2020, the performance only corresponds to a RevPAR index of 0.75 compared to Q4 2019.
- In October, Stockholm recorded an increase of all the KPIs in comparison to 2020. With an occupancy of 54% and an ADR of SEK 1,044, the RevPAR ended at SEK 561 for the month.
- November was another month of improvement in the capital. The occupancy and RevPAR increased notably compared to last year. Furthermore, with an occupancy of approx. 60% and ADR of SEK 1,091, the month signified that the market continued to recover to pre-pandemic levels.
- In December, Stockholm experienced a drawback of the recovery. Even though, the ADR remained just below SEK 1,100, the occupancy dropped to 42%., leading to a RevPAR of SEK 454.
| Oct | Nov | Dec | Q4 | |
|---|---|---|---|---|
| Occupancy(%) | 54 | 60 | 42 | 52 |
| ADR in SEK | 1044 | 1091 | 1094 | 1075 |
| RevPAR in SEK | 561 | 654 | 454 | 555 |
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