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Hotels in Helsinki Show Quickest Recovery in Europe

According to the information provided by Christie + Co and STR Global, hotels in Helsinki show best results among all European countries. The capital of Finland is the most popular tourist destination in the country. In 2010 it was visited by 1.8 million of people. Powered by growing demand of the second part of 2010, in 2011 the positive trend continued and so this region reached a rise of 10.7% in January in RevPar and stalled ADR.

Helsinki accommodations are popular among either business or leisure travellers. First group of visitors is traditionally interested in well-developed business infrastructure and good conditions, while leisure travellers enjoy multiple sights and healthy atmosphere. Helsinki is also an important air transport link and this is also one of the main advantages for hotels in this city.

After crisis of 2009 hotels in Helsinki suffered from a decrease in RevPAR of 17%. The negative trend lasted in the beginning of the 2010 as well. In February 2010 this region started showing first signs of improvement. At that time growth was mainly powered by the increased number of tourists arriving to Helsinki airport. According to the Finnish statistics, currently there are 53 hotels in Helsinki or 8,300 guestrooms in total. During all previous year bookings have been high despite the opening of several more properties. The new hotels in Helsinki opened in 2010 are the 152-key Cumulus Hakaniemi (middle budget accommodation), the 82-key Omenahotelli (limited service hotel), and the 58-key Hotel Fabian (lifestyle hotel).

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