The confidence indicators for businesses and households have the last few months fluctuated around the same, relatively low, levels. Furthermore, the value of the Swedish Krona continued to fall against the Euro which has reached the highest level since January 1993, which is the oldest available statistics from the Swedish central bank.

Moreover, the forecast for the Swedish economy is still showing a negative outlook for 2023. This is also reflected in the expectations expressed by the hotel companies where most of the companies anticipate a decreased demand for hotel services during the next three months. The unemployment rate has however continued to decrease, and the statistics of the hotel market key figures are still showing strong numbers. 

Please download the report here:
Hotel Market Update Annordia Feb/23.pdf