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