Because of the Covid-19 restrictions, which still were in place during the first two months of 2022, it has been difficult to compare the statistics to and February 2023. Therefore, the March statistics are more comparable and easier to assess. The number of sold rooms in Sweden in March 2023 compared to March 2022 was 12.5 percent higher, the occupancy rate was 8.3 percent higher
and the RevPAR was 19.5 percent higher. However, the positive development is not true for all regions of Sweden, 8 out of the 25 largest municipalities have had some negative development of their key figures compared to March 2022. 

Furthermore, multiple additional key figures have had a positive development
this month. Among these, the unemployment rate has subsided to 7.3 percent, the lowest displayed value since 2019 and an economic recovery is forecasted to commence during the 3rd quarter of 2024.

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