Significant increase in RevPAR in Stockholm and Malmö in December 2024, compared to the same month in 2023. The number of rooms sold in Sweden increased by 3 percent in December 2024, while the occupancy rate and the ADR increased by 1 percent, compared to the same month in 2023.

The hotel market in Stockholm saw a positive development in December where the number of rooms sold increased by 6 percent and the ADR increased by 5 percent, which led to an increase in RevPAR by almost 7 percent compared to December 2023. Malmö saw an even better development in their key indicators with a 19-percent increase in RevPAR. Gothenburg, on the other hand, experienced a significant decline in most key indicators.

Inflation in Sweden in January unexpectedly increased above Riksbanken’s target of 2 percent. The unemployment rate remained relatively high and the Swedish Krona was still weak compared to the euro and the US dollar.

The Nordic countries and capitals saw positive trends in the number of rooms sold and occupancy rate in December compared to the same month last year. In both Oslo and Copenhagen, the occupancy rate increased by 5 percentage points, and RevPAR increased by more than 10 percent in both Finland and Norway.

• The value of the Swedish Krona continued to decrease relative to the US dollar
– see exchange rates on page 2.

• The unemployment rate continued to increase and reached 8.9 percent in January
 – see unemployment rate on page 2.

• CPIF increased more than expected and reached 2.2 percent
– see inflation rates on page 2.

Please download the market report here:
Hotel Market Update Feb/25.pdf