Significant increase in RevPAR in Stockholm and Sweden, primarily driven by a higher ADR.

The key indicators in Sweden were significantly better in March 2025 compared to March 2024, as the number of rooms sold increased by 3 percent and ADR increased by almost 7 percent. However, the occupancy rate remained the same, as the number of available rooms increased at the same rate as the number of rooms sold. These developments resulted in a 7-percent increase in RevPAR.

Stockholm saw strong positive developments across most key indicators, which resulted in an increase of 12.5 percent in RevPAR, mainly driven by increased ADR. RevPAR in Gothenburg and Malmö decreased by 10.6 and 7.1 percent respectively, driven by a lower occupancy rate compared to March 2024.

The value of the Swedish Krona strengthened significantly against the US dollar while it remained unchanged against the euro in April. The inflation with fixed interest rates remained at 2.3 percent.

The key indicators were exceptional in Norway in March 2025 compared to March 2024. The number of rooms sold increased by 14 percent, the occupancy rate increased by almost 4 percentage points and ADR increased by almost 9 percent, which led to an increase by 16.6 percent in RevPAR. The increase in RevPAR in Oslo was even higher (26 percent).

• The value of the Swedish Krona increased significantly relative to the US dollar
– see confidence indicators on page 2.

• The household indicator reached its lowest level since 2023
– see exchange rates on page 2.

• The inflation with fixed interest rates remained at 2.3 percent in April
– see inflation rates on page 2.

Please download the market report here:
Hotel Market Update May/25.pdf