Some of the key indicators in the hotel market have exhibited a negative trend in April 2023 compared to the previous year. Out of the 25 major municipalities in Sweden, 15 have witnessed a decline in the number of occupied rooms, while 19 have experienced a decrease in their occupancy rates. However, amidst these unfavorable conditions, there are also positive developments to note. The ADR in Sweden at large has increased by 6.9 percent, and 15 out of 25 municipalities have shown a positive growth in their RevPAR.

When examining the macroeconomic indicators, there are both positive and negative trends. Business and household confidence indicators have improved, indicating increased optimism and the unemployment rate has continued to decrease. However, the Swedish Krona has further depreciated against the Euro, reaching its lowest value as per the earliest available statistics.

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