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Market overview 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

        
Montreal6%10%7%9%12%-1%4%
        
Europe2%6%7%2%6%5%2%
London1%3%2%-1%4%3%4%
Brussels2%3%2%-18%19%12%7%
Berlin0%5%8%4%2%7%1%
Frankfurt 5% -2% 9%-2%  4%-3%-3%
        
Stockholm0%2%9%8%-1%2%1%
Oslo4%1%8%3%12%1%-2%
Helsinki-5%2%2%7%9%3%6%
Copenhagen6%4%11%13%2%2%-3%

Source: STR Global, Benchmarking Alliance, Statistics Finland

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