Hotel Market Update Apr/24

The hotel market statistics for Sweden in February 2024, compared to the previous year, demonstrate a positive development across several key metrics. Notably, the number of sold rooms and the ADR increased by 2.7 and 3.3 percent respectively. Additionally, the number of available rooms increased by 4.7 percent, leading to a decrease in occupancy from 51.3 to 50.4 percent. RevPAR increased by 1.3 percent.    

Looking at the macroeconomic statistics, there are some key takeaways. The confidence indicators for businesses and households increased, although the current levels are still indicating a weak sentiment. Furthermore, the unemployment rate reached 8.1 percent in February, following 16 consecutive months of increase.

Please download the market report here:
Hotel Market Update Annordia APR/24