Hotel market development 2018

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 also in 2018.

RevPAR development yearly (in local currency).

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

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