The inflation rate, according to CPI, continued to rise in December 2022 and has now reached the 2:nd highest value in over 40 years. Only the peak inflation level during the financial crisis in the early 1990’s was higher. Furthermore, the development of the Swedish GDP, which historically has had a strong connection with the hotel market, is expected to be negative during 2023.

The hotel market trend for November 2022 compared to November 2021 is also induced by negative percental changes for key figures such as occupancy rates and the number of rooms sold. There is however not only a negative outlook, the confidence indicator for businesses slightly recovered during November and the Year-to-date and 12-month rolling average trends are still showing strong figures. 

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