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)