The pessimism regarding the future of Sweden’s economy is not yet visible in the statistics from the hotel market. However, the hotel companies’ expectations of demand for the next three months have been precariously subdued from the summer onwards. Confidence indicators from both households and businesses continued downward during September.

In August, the demand for hotel rooms remained high and so did the average room rate. The average room rate in August was significantly higher than both the level from last year and 2019, which was the year before the pandemic.

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