The statistics from the hotel market in October show a continued recovery from the pandemic years. Looking at the 12-month rolling average, both the Swedish municipalities and the Nordic countries display strong values.

Furthermore, the inflation level reached 11.5 percent in November which is the highest reached inflation in over 30 years. However, even though the outlook is unfavorable, the household confidence indicator, which has had a substantial period of decline since May 2021, did have a positive development.

Please download the report here:
Hotel Market Update Annordia Dec/22.pdf