The number of room nights in hotels in Finland decreased by 2% in 2014 to 9,631,000. Average room prices were not able to make up for decreasing hotel room nights in 2014, and total value sales of hotels also decreased by 2% in current terms. The hotel room occupancy rate dropped by one percentage point to 52% in 2014 ??" the lowest rate since 2011.
Industry Prospects
Lodging sales growth, both in volume terms and at constant 2014 prices, will be sluggish at the beginning of the forecast period. However, growth rates will become higher towards the end of the forecast period. Overall, hotels value sales are expected to grow at a CAGR of 3% at constant 2014 prices over the forecast period. This will be a notably better performance than the 1% CAGR decline at constant 2014 prices recorded during the review period.
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Report Overview
Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Finland with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Travel Accommodation industry in Finland, our research will save you time and money while empowering you to make informed, profitable decisions.
The?Travel Accommodation in?Finland market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* What is the market size of Travel Accommodation in Finland?
* What are the major brands in Finland?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?
Reasons to Get this Report
* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions
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"Lodging in Finland" now available at Fast Market Research
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Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001