Despite households’ gloomy view of the Swedish economy, demand for hotel rooms was very high in April. The level of occupied hotel rooms and the average daily rate were well above the levels of April 2019, the year before the global pandemic. Concerns that reduced business travel could negatively affect hotels also seem to have come to shame. Demand from business guests in April was well above the level of 2019. Despite the positive numbers, there is reason to feel some concern about future developments. High inflation, higher interest rates and lower asset values may hold back demand from households in the coming months.

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