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Hotels in Stockholm May Feature the Biggest Growth of RevPAR in 2012

According to the results of a new study provided by PricewaterhouseCoopers, in 2012 hotels in Stockholm may double their RevPAR level (revenue per available apartment), overcoming all major European hotel markets.

This information is based on European Cities Hotel Forecast 2011 & 2012. While the majority of European markets may feature modest growth, Stockholm accommodations will bloom in prosperity. Swedish economy has not been damaged severely by the recession, so it features strong growth that may only improve in 2012. Currently Sweden has one of the best performances in the EU, so most probably ADR and occupancy levels of hotels in this country will only grow.

Now we can expect some big names coming to Stockholm with their new hotels, because this European capital doesn’t have enough accommodations. The report made by Rese-och Turistnäringen i Sverige states the capital needs 50 new hotels and approximately 8,000 new guestrooms.

Other cities mentioned in the study by PricewaterhouseCoopers are frequent guests of various ratings. In 2012 the growth of RevPAR may reach 8.3% in London, 6.5% for hotels in Amsterdam, 5.6% for hotels in Madrid and Moscow, 5.5% for Dublin and 5% for Berlin. Some popular European destinations may also suffer from slight declines in RevPAR – -0.1% for hotels in Rome, and -0.9% for Belfast.

London hotels are called as the most occupied accommodations in Europe in 2012. The occupancy level in this city may reach 85%. This is 10% more than in such popular cities as Paris, Edinburg, Stockholm, Vienna, Edinburg, and Amsterdam.

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