Hotel market development 2017

Strong underlying hotel market

The hotel market cycle normally follows global economic development. In addition, the hotel market is affected by a number of specific growth factors. Broadly based economic growth and increased international travel contributed to good global hotel
demand in 2017.

Solid growth in key markets

RevPAR development quartely (in local currency).

  FY
'13
FY
'14
FY
'15
FY
'16
FY
'17
USA 5% 8% 6% 3% 3%
New York 4% 3% -2% -2% 0%
           
Montreal 6% 10% 7% 9% 12%
           
Europe 2% 6% 7% 2% 6%
London 1% 3% 2% -1% 4%
Brussels 2% 3% 2% -18% 19%
Berlin 0% 5% 8% 4% 2%
Frankfurt  5%  -2%  9% -2%   4%
           
Stockholm 0% 2% 9% 8% -1%
Oslo 4% 1% 8% 3% 12%
Helsinki -5% 2% 2% 7% 9%
Copenhagen 6% 4% 11% 13% 2%

Source: STR Global (USA, Canada, Europe, Finland), Benchmarking Alliance (Sweden, Norway, Denmark)