Copenhagen Property Market Report 2020

Copenhagen Property Market Report 2020

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Market remains strong Although the number of rooms in Copenhagen hotels has grown by some 3,000 or 21% since 2017, the hotel market remains strong, with hotels continuing to boast impressive KPIs.

Stadig stærkt marked Selv om antallet af værelser på københavnske hoteller siden 2017 er steget med ca. 3.000 eller 21%, står hotelmarkedet stadig stærkt, og hotellerne fortsætter med at have imponerende tal for drift og indtjening.

Since 2010, bednight growth has been almost 70%, corresponding to strong annual growth of 6.0%.

Siden 2010 er antallet af overnatninger eksempelvis steget med næsten 70% svarende til en høj, årlig vækstrate på 6,0%.

The period between 2011 and 2017 was characterised by virtually unchanged room supply, but strong and fairly stable bednight growth, with resulting capacity limitations driving up room rates quite significantly. Years 2017 and 2018 marked record-breaking highs in terms of revenue and earnings alike, highs that continued in 2019. Since 2010, the average daily rate (ADR) has increased by 32% for budget/mid-priced (regular) hotels and by 40% for more exclusive (upscale) hotels. In the same period, inflation has been only 13%. Combined with climbing occupancy rates, this has prompted an even sharper increase in the revenue per available room (RevPAR): We estimate that 2019 figures will exceed 2010 levels by 60% and 71% for budget/regular and upscale hotels, respectively.

Perioden fra 2011-17 var præget af næsten uændret udbud af værelser, men en høj og ret jævn vækst i antallet af overnatninger, og det resulterede i kapacitetsbegrænsninger med mærkbare prisstigninger. Årene 2017 og 2018 var kendetegnede ved rekord i både omsætning og indtjening – på niveauer, som fortsatte ind i 2019. Eksempelvis er den gennemsnitlige betaling per overnatning – ADR – siden 2010 steget med 32% for lavpris-/mellemklasse- hoteller (regular) og 40% for de mere eksklusive hoteller (upscale). I samme tidsrum har inflationen blot været 13%. Kombineret med stigende belægning er omsætningen per værelse (RevPAR) steget endnu mere – for 2019 skønner vi den til at ligge 60% henholdsvis 71% højere end i 2010 for lavpris/mellemklasse og eksklusive hoteller.

Added supply sets the scene for strong bednight growth

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Percentage change, sold rooms

Percentage change, no. of rooms

AC Hotel Bella Sky, Ørestad

Source: Statistics Denmark