Copenhagen Property Market Report 2020

105

Copenhagen Property Market Report 2020

Boom in new rooms

120

10,000 12,000 14,000 16,000 18,000 20,000

100

80

60

0 2,000 4,000 6,000 8,000

40

OFFICE HOTEL RETAIL INDUSTRIAL REGIONS RESIDENTIAL

20

0

2015M11

2012M02 Rooms (no., r. axis) 2011M09 2011M04 2010M11

2017M12

2013M10

2012M12

2015M01

2018M10

2010M01

2017M07

2012M07

2017M02

2019M03

2013M05

2019M08

2016M09

2014M03

2018M05

2015M06

2014M08

2016M04

2010M06

Hotels and holiday centres (no., l. axis)

Source: Statistics Denmark

Although still strong, Copenhagen hotel KPIs are starting to come under pressure

20

85%

1,000 1,200

80%

0 200 400 600 800

75%

70%

65%

60%

10

12 11

14 13

16 15

19 18 17

10

13 12 11

14

15

16

17

18

19

Regular

Upscale

Greater Copenhagen

Regular

Upscale

Greater Copenhagen

Note: Occupancy Rates (OCC), Copenhagen hotels. Source: Benchmarking Alliance

Note: Average Daily Rate (ADR), DKK, Copenhagen hotels. Source: Benchmarking Alliance

200 300 400 500 600 700 800 900 1,000

Note: Revenue Per Available Room (RevPAR), DKK, Copenhagen hotels. Source: Benchmarking Alliance

0 100

10

12 11

19 18 17 16 15 14 13

Regular

Upscale

Greater Copenhagen