Hotel Market Update Mar/24

The hotel market statistics for Sweden in January 2024 compared to the corresponding month last year show a strong development of multiple key figures. Notably, both the number of sold rooms and total revenue saw an increase of approximately 1.7 percent.

Additionally, the number of available rooms increased by 2.3 percent. However, when compared to January 2023, both the RevPAR and occupancy rate decreased by approximately 0.6 percent and 0.6 percentage units, respectively.

Looking at the macroeconomic statistics, there are some key takeaways. The confidence indicator for businesses continued to increase, although the current level is still relatively low. Furthermore, the unemployment rate reached 8.1 percent following 15 consecutive months of growth.

Please download the market report here:
Hotel Market Update Annordia Mar/24.pdf