The Swedish hotel market was, unsurprisingly, marred by the impact of the global Covid-19 pandemic during 2020, which resulted in an unprecedented decline in demand for hotel rooms.
However, there was great variation between different regions of the country. The major cities have fared the worst, whilst coastal areas as well as spa hotels and resorts have performed significantly better.
The path to recovery is being led by the global roll out of vaccines and we expect hotel markets to start rebounding by the summertime.