Hotel market development 2019

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. International arrivals increased by 4 percent both globally and in Europe, despite a slowdown in the global economy as well as trade policy tensions and a drawn-out Brexit process

RevPAR development yearly (in local currency).

  FY
2013
FY
2014
FY
2015
FY
2016
FY
2017
FY
2018
FY 2019
               
Montreal 6% 10% 7% 9% 12% -1% 4%
               
Europe 2% 6% 7% 2% 6% 5% 2%
London 1% 3% 2% -1% 4% 3% 4%
Brussels 2% 3% 2% -18% 19% 12% 7%
Berlin 0% 5% 8% 4% 2% 7% 1%
Frankfurt  5%  -2%  9% -2%   4% -3% -3%
               
Stockholm 0% 2% 9% 8% -1% 2% 1%
Oslo 4% 1% 8% 3% 12% 1% -2%
Helsinki -5% 2% 2% 7% 9% 3% 6%
Copenhagen 6% 4% 11% 13% 2% 2% -3%

Source: STR Global, Benchmarking Alliance, Statistics Finland