NORDIC HOTEL REPORT FOURTH QUARTER Q COPENHAGEN OSLO STOCKHOLM
|
|
- Oswin Carson
- 7 years ago
- Views:
Transcription
1 NORDIC HOTEL REPORT FOURTH QUARTER Q4 215 COPENHAGEN OSLO STOCKHOLM COPENHAGEN OSLO STOCKHOLM Q
2 Q 4 H I G H L I G H T S COPENHAGEN CITY CENTER Q 4 H I G H L I G H T S The fourth quarter of 215 finished with growth in all the three Scandinavian capitals. In general the entire year has been characterized by growth, driven by both occupancy and ADR. Looking at Q4 the strongest RevPAR growth can be observed in Copenhagen (13.8% to EUR 82), closely followed by Stockholm (12% to EUR 87). Oslo did also see positive RevPAR growth, however not as significant (6.7% to EUR 69). In Copenhagen, growth was driven both by occupancy and ADR. Occupancy increased with 6.2% to 73.1% and ADR with 7.2% to EUR 112. The RevPAR increase observed in Stockholm was also driven by both parameters. Occupancy increased with 6.7% to 69.8% and ADR with 4.9% to EUR 125. In Oslo, a more moderate growth was almost equally driven by occupancy and ADR, as occupancy increased with 3.5% to 63.8% and ADR increased with 3.1% to EUR 18. Photopgrapher: Morten Jerichau, WOCO Media Center Q
3 M A R K E T I N D I C A T O R S - C O P E N H A G E N C O P E N H A G E N Amongst the three Scandinavian capitals, Copenhagen finished the last quarter of 215 with the strongest relative RevPAR growth of 13.8 % to DKK 612. Growth was driven both by occupancy and ADR. In October, RevPAR grew with 21.2% to DKK 696 which is the highest RevPAR growth rate in Copenhagen in the quarter and second highest in 215, only beaten by April. The growth was largely driven by a price increase of 13.9% to DKK 888, but also an occupancy increase of 6.5% to 78.4%. Growth in November and December was less aggressive but still significant. In both months respectively, RevPAR increased close to 1%. In November, RevPAR growth was mainly driven by a 6.3% occupancy growth to 76.4%, supported by an ADR increase of 3.2% to DKK 815 resulting in a RevPAR level of DKK 623. December s growth pattern is similar to the one observed in November. However, most probably due to the holiday season, the occupancy level is trading at a lower level resulting in a RevPAR of DKK 518. Copenhagen finished 215 with RevPAR growth in all months of the year corresponding to 11% for the entire year. Especially April and October performed significantly above last year. COPENHAGEN HOTEL MARKET Q4 215 Oct Δ (%) Nov Δ (%) Dec Δ (%) Q4 Δ (%) Occupancy (%) 78.4% % % % 6.2 ADR in DKK RevPAR in DKK ADR in RevPAR in OCCUPANCY AVERAGE DAILY RATE (DKK) REVENUE PER AVAILABLE ROOM (DKK) 9% 8% 7% 6% 5% 4% 3% 2% 1% % 1, Q
4 M A R K E T I N D I C A T O R S - O S L O O S L O Despite RevPAR growth in Q4 not reaching Q3 s strong growth rate of above 12%, the Oslo hotel market continues the positive trend. Looking at the entire quarter, RevPAR is up 6.7% compared to Q4 in 214 driven both by a higher occupancy and price level. The strongest relative growth in Q4 was experienced in October, where a 4.3% increase in occupancy and a 3.8% increase in ADR led to an 8.3% RevPAR growth. RevPAR in October was NOK 747. The highest RevPAR in Q4 was achieved in November with NOK 761. The 5.5% RevPAR growth in November was largely derived from an increase in ADR of 3.7% to NOK 153. December is the worst performing month of the quarter. However, December 215 is still performing above December 214. The performance level is generally a product of the low occupancy rate that, despite a 4.8% increase, is trading below 5%. Oslo has in 215 performed well with a 8.2% RevPAR increase. Especially June and July has affected growth positively. OSLO HOTEL MARKET Q4 215 Oct Δ (%) Nov Δ (%) Dec Δ (%) Q4 Δ (%) Occupancy (%) 72.6% % % % 3.5 ADR in NOK RevPAR in NOK ADR in RevPAR in OCCUPANCY AVERAGE DAILY RATE (NOK) REVENUE PER AVAILABLE ROOM (NOK) 8% 1,2 8 7% 6% 5% 4% 3% 2% 1% % 1, Q
5 M A R K E T I N D I C A T O R S - S T O C K H O L M S T O C K H O L M The positive growth figures in Stockholm from Q3 continued in Q4. Overall RevPAR increased 12% driven by a 6.7% increase in occupancy and a 4.9% increase in price. RevPAR for Q4 traded at SEK 89 considerably lower than Q3. Both November and December experienced significant growth of 14% in RevPAR. The growth in November was driven almost equally by price and occupancy of around 7%, resulting in a RevPAR of SEK 927 for the month. The RevPAR level in November was the quarter s highest. The growth in December was driven slightly more by occupancy, which increased with 9%. The price level increased with 4.7% resulting in a RevPAR level of SEK 627, the lowest in the quarter. Looking at the entire year, January 215 was the only month with a lower RevPAR level. October also experienced growth, however more moderate compared to November and December. RevPAR was up 8.1% to SEK 873, driven both by occupancy and price. Overall, RevPAR increased with 9.5% in 215. The positive growth was especially driven by the strong growth of Q3. STOCKHOLM HOTEL MARKET Q4 215 Oct Δ (%) Nov Δ (%) Dec Δ (%) Q4 Δ (%) Occupancy (%) 76.1% % % % 6.7 ADR in SEK RevPAR in SEK ADR in RevPAR in OCCUPANCY AVERAGE DAILY RATE (SEK) REVENUE PER AVAILABLE ROOM (SEK) 9% 8% 7% 6% 5% 4% 3% 2% 1% % 1,4 1,2 1, , Q
6 N E W D E V E L O P M E N T S C O P E N H A G E N & O S L O C O P E N H A G E N In Q4, Copenhagen has only seen one addition to the official project pipeline. The local hotel owner and operator Arp-Hansen Hotel Group has purchased a former office building in central Copenhagen, which they will convert to a 28 room hostel with approximately 1 beds. It is expected that the new hostel will open its doors mid 217. In total, the pipeline currently includes approx. 18 rooms. NEW DEVELOPMENTS IN COPENHAGEN Hotel Room No. Opening Year Moxy Zleep Copenhagen Airport 12 room extension 217 Nobis Hotel - Niels Brocks Gade Arp-Hansen Hostel - Nyropsgade Scandic in the meatpacking district Radisson Blu Scandinavia 266 room extension TBA Hotel Skt. Petri 3 room extension TBA Cabinn Metro Hotel 55 room extension TBA Tivoli Corner 17 TBA Source: NHC Data ARP HANSEN HOSTEL NYROPSGADE 38 O S L O Oslo has not seen any additions to the pipeline the last quarter of 215. Furthermore, there has been no hotel openings either. In 216, the extension of Citybox and the new Comfort Hotel Oslo are due to open. However, the majority of new hotel openings are more likely to happen in 217 & 218. The pipeline in Oslo currently includes approx. 2 rooms. NEW DEVELOPMENTS IN OSLO Hotel Room No. Opening Year Citybox 12 room extension 216 Comfort Hotel Oslo Moxy by Marriott Hotell på Youngstorget Best Western Oslo Airport 7 room extension 217/18 Scandic Portalen (Lillestrøm) Thon Hotel Linne 15 room extension 217 Scandic Helsfyr 17 room extension TBA Clarion Royal Hotel Royal Christiania 352 room extension TBA Radisson Blu Hotel Oslo Plaza 335 room extension TBA Source: NHC Data SCANDIC PORTALEN (LILLESTRØM) Q
7 N E W D E V E L O P M E N T S - S T O C K H O L M HTL UPPLANDSGATAN NEW DEVELOPMENTS IN STOCKHOLM Hotel Room No. Opening Year The Winery Hotel Generator Stockholm 24 (refurb.) 216 Arlanda Holding Scandic Haymarket Scandic Continental Park Inn Solna StayAt Motel L Älvsjö Sleeping Fox Stockholm City Elite Hotels - Hagaplan Scandic Sergel Plaza 17 room extension 217 Bank Hotel AMF Gallerian Arlanda Hotel Kungsleden - Hotel Hagastaden 222 TBA Source: NHC Data S T O C K H O L M There is several hotels in pipeline in Stockholm that are planned to open in 216. Recently, the new 13-room HTL in Upplandsgatan opened its doors. As did the new 16-room property, Hotel With Urban Deli, operated by the deli chain Urban Deli. The pipeline in Stockholm currently accounts for approximately 36 rooms, and some of the biggest projects are up to 4 rooms. Scandic Hotels is currently developing about 8 rooms in their two new flagship projects, Scandic Haymarket and Scandic Continental. Of other large projects, AMF Gallerian can be mentioned, which includes two large hotels, both operated by Nordic Choice Hotels. It was recently announced that the larger of the two hotels will be called At Six and include 343 rooms. NORDIC CHOICE HOTEL AT SIX - AMF GALLERIAN Q
8 C O M P A R I S O N EXCHANGE RATE AGAINST EUROS C I T Y C O M P A R I S O N 12 Comparing the three Scandinavian capitals, a similar pattern for Q4 can be observed. October and November are showing moderate to good performance, indicating the end of the shoulder season. December is, especially indicated by low occupancy, the beginning of the low-season in Scandinavia. Amongst the three capitals, Stockholm achieved the highest RevPAR for the quarter of EUR 87, driven by a high ADR of EUR 125. Looking solely on occupancy, Copenhagen realised an occupancy rate of 73%, thus in front of both Stockholm and Oslo However, December 215 has been performing above last year, showing that the improvements in the hotel market is not The highest RevPAR of the quarter was achieved in Stockholm Danish krone Swedish krona Norwegian krone US dollar only a high-season phenomenon. in November, where a high occupancy and price level resulted in a RevPAR level of EUR 99. Mainly due to a low occupancy, Oslo experienced the lowest RevPAR of the quarter in December of EUR 48. OCCUPANCY AVERAGE DAILY RATE ( ) REVENUE PER AVAILABLE ROOM ( ) 9% 8% 7% 6% 5% 4% 3% 2% 1% % Copenhagen Stockholm Oslo Copenhagen Stockholm Oslo Copenhagen Stockholm Oslo Q
9 N O R D I C H O T E L C O N S U L T I N G ABOUT NHC NHC was founded in 24 and is the leading specialized hotel consultancy in Scandinavia. We have offices in Denmark, Norway and Sweden. NHC has since 24 carried out a range of assignments including feasibility studies, appraisals, operator search, contract negotiations, investment and transaction advisory and more in the Nordics and Europe. In 21, an Asset Management division was created in order to respond to an increasing demand and in 211, an Investment Advisory division was also established. For additional information on NHC, please refer to our website: ABOUT BENCHMARKING ALLIANCE Benchmarking Alliance is the leading provider of hotel, conference, F&B and spa benchmarking as well as hospitality market data for the Nordic hospitality industry. The company was created in 21 by a team with broad background in hotels, real estate and IT. COPYRIGHT This report is the property of NHC and may not be reproduced in parts or whole prior to the written consent of NHC. DISCLAIMER NHC does not guarantee the accuracy of the data presented in this report and cannot be held liable here for any analysis, opinions or decisions derived from reading this report as it is solely at the responsibility of the reader to draw up conclusions. NHC cannot be held liable for any outcome of analysis, opinions and decisions formed based on the information presented in this report. NHC would like to inform the reader that the data from Benchmarking Alliance is collected in different ways and sometimes the figures can include provisions. This means that slight deviations in net ADR and RevPar can occur. Denmark Denmark Norway Sweden Nørre Voldgade Copenhagen K Denmark Råhøj Alle 7 A 827 Højbjerg - Århus Denmark Skoleveien 2 N-14 Ski Norway Engelbrektsgatan Stockholm Sweden Prepared by: Emil Lindvang Bentsen eb@nordichotelconsulting.com
NORDIC HOTEL REPORT FIRST QUARTER Q1 2016 COPENHAGEN OSLO STOCKHOLM
NORDIC HOTEL REPORT FIRST QUARTER Q1 216 COPENHAGEN OSLO STOCKHOLM COPENHAGEN OSLO STOCKHOLM 1 Q 1 H I G H L I G H T S STOCKHOLM CITY CENTER Q 1 H I G H L I G H T S The first quarter of 216 showed moderate,
More informationNHC QUARTERLY NORDIC HOTEL REPORT
FOURTH QUARTER COPENHAGEN OSLO STOCKHOLM - page 1 - FOURTH QUARTER COPENHAGEN OSLO STOCKHOLM Performance data supplied by Benchmarking Alliance for all three hotel markets All amounts are in Danish Kroner
More informationThe Stockholm Hotel Market Revealed
A Land of Opportunity The Stockholm Hotel Market Revealed christie.com Full Year 2015 KPIs Please note that the source of the Stockholm data differs from the source of the KPIs mentioned later in this
More informationHotel Market Report. Copenhagen
Hotel Market Report All amounts unless otherwise stated are in Danish Kroner (DKK) 1 Content overview... 2 Visitors profile... 4 Hotel Market... 6 Luxury market 5 * hotels and design hotels... 7 Mid-Market
More informationTABLE OF CONTENTS. Norwegian Hotel Industry Overview Pg. 2
Norwegian Hotel Industry Hotelia s mid-year report 2015 TABLE OF CONTENTS 1. Introduction 4 2. Hotel Industry Performance in the Major Cities.. 5 Norway Oslo Bergen Trondheim Gardermoen (Ullensaker) Stavanger
More informationNORDIC TRAINING SCHEDULE AUGUST - DECEMBER
Enterprise Vault Enterprise Vault Administration 1 7.x 3 Stockholm, Sweden August 13-15 18 000 SEK Enterprise Vault Administration 1 7.x 3 Copenhagen, Denmark August 20-22 15 000 DKK Enterprise Vault Administration
More informationNewly refurbished Quality Hotel Park in Södertälje, Sweden
Newly refurbished Quality Hotel Park in Södertälje, Sweden Year-End Report Year-End Report January-December Pandox' property management revenues amounted to SEK 915.5 million (782.2), representing an increase
More informationThe recently acquired Radisson SAS Hotel in Malmö
The recently acquired Radisson SAS Hotel in Malmö Year-End Report Year-End Report Pandox' property management revenues amounted to SEK 634.9m (574.0), representing for comparable units an increase of SEK
More informationFocus on the SAS Group 2006
Focus on the SAS Group 2006 The SAS Group s airline network and hotels Approx. 1,520 daily departures 147 destinations 217 hotels The SAS Group is the 4 th largest airline group in Europe The SAS Group
More informationValuation and management of hotel property: Swedish experience. Anop Sviatlana Royal Institute of Technology (KTH)
Valuation and management of hotel property: Swedish experience Anop Sviatlana Royal Institute of Technology (KTH) The purpose of this paper is to provide an understanding of the economic forces that drive
More informationPrice projection 2013
Price projection 2013 CONTENTS 1. PRICE PROJECTION 2013 3 2. ECONOMIC SITUATION 3 2.1. Finland 4 2.2. Sweden 5 2.3. Norway 5 2.4. Denmark 5 2.5. United Kingdom 5 2.6. The Netherlands 5 3. CURRENCY EXCHANGE
More informationCHOICE HOTELS SCANDINAVIA ASA
CHOICE HOTELS SCANDINAVIA ASA Choice Hotels Scandinavia s hotel products are divided into three market segments in Scandinavia under the Comfort, Quality and Clarion trademarks. As at 24.02.00, the chain
More informationwww.cbre.com/research October 2011
Belgium www.cbre.com/research HOTEL MARKET IN BRUSSELS FROM A PROPERTY PERSPECTIVE by CBRE Research OVERVIEW SUMMARY Thanks to its central While Brussels counts an location, the Brussels hotel market is
More informationStockholm Hotel Report 2016
Stockholm Hotel Report 0 PHOTO: CECILIA LARSSON LANTZ Stockholm Hotel Report 0 Stockholm Hotel Report 0 th place of Europe s top tourist destinations in terms of total guest nights International guest
More informationA strong third quarter
A strong third quarter Interim presentation for the third quarter 2015 Stockholm, 5 November 2015 Anders Nissen, CEO Liia Nõu, CFO Today s agenda Introduction Financial review Business model and value
More informationQ3-2013 Results. Wolfgang M. Neumann, President & CEO Knut Kleiven, Deputy President & CFO October 22, Sochi
Q3-2013 Results Wolfgang M. Neumann, President & CEO Knut Kleiven, Deputy President & CFO October 22, Sochi Radisson Blu Resort & Congress Centre, Sochi / In Sochi since 1993; portfolio of 7 hotels in
More informationGood growth and profitability
Good growth and profitability Year-end 2015 report Stockholm, 18 February 2016 Anders Nissen, CEO Liia Nõu, CFO Agenda Introduction Financial review Market and business Q&A Anders Nissen Liia Nõu Anders
More informationOperational Excellence Wolfgang M. Neumann, Executive Vice President & COO INVESTORS DAY - 2 DECEMBER 2011 RADISSON BLU PORTMAN HOTEL, LONDON
Operational Excellence Wolfgang M. Neumann, Executive Vice President & COO INVESTORS DAY - 2 DECEMBER 2011 RADISSON BLU PORTMAN HOTEL, LONDON Executive Summary Focus on RevPAR Index (RGI) improvement Fully
More informationInterim report ICA AB. January 1 March 31, 2009
Interim report ICA AB January 1 March 31, 2009 Interim report Stockholm, May 6, 2009 Increased net sales and improved operating income for the ICA Group during the first quarter First quarter Net sales
More informationCONTENT ABOUT NORDIC CHOICE 3 OUR CHAINS 6 PROJECT LIST 12 TRIPLE BOTTOM LINE 13 CR 15 AWARDS 16 NEW HOTELS IN 2014 18 UPCOMING HOTELS 20
CONTENT ABOUT NORDIC CHOICE 3 OUR CHAINS 6 PROJECT LIST 12 TRIPLE BOTTOM LINE 13 CR 15 AWARDS 16 NEW HOTELS IN 2014 18 UPCOMING HOTELS 20 NORDIC CHOICE HOTELS Operating and franchise company founded in
More informationTariffs & Charges Schedule for Investment Services
I. ADVISORY TRADING IN INTERNATIONAL SECURITIES EQUITIES, ETFs (Buy & Sell Orders) next (Belgium, France, Netherlands); Germany (Xetra); Italy (Borsa Italiana) minimum EUR 30.00 United Kingdom (London
More informationCategory: Changes & Cancellation Policy: Incl. wifi and breakfast
Hotel Name: Scandic Copenhagen **** Address: Vester Søgade 6 Copenhagen V 1601 Single room incl. breakfast: DKK 1.295 per night Twin room for single use incl. breakfast: DKK 1.345 per night Twin room incl.
More informationSPEECH. Norges Bank 200 years
SPEECH DATE: 16/6/2016 SPEAKER: Governor Stefan Ingves LOCALITY: Norges Bank, Oslo SVERIGES RIKSBANK SE-103 37 Stockholm (Brunkebergstorg 11) Tel +46 8 787 00 00 Fax +46 8 21 05 31 registratorn@riksbank.se
More informationTHE REZIDOR HOTEL GROUP ANNUAL REPORT
Solberg ANNUAL REPORT For more information, visit www.rezidor.com THE REZIDOR HOTEL GROUP The Rezidor Hotel Group is one of the most dynamic and fastest growing hotel companies in the world. The group
More informationHans Hansen, with Jon Kvist and Axel West Pedersen. Minimum Pensions in 7 European Countries. 1. Introduction. What is a minimum pension.
Hans Hansen, with Jon Kvist and Axel West Pedersen Minimum Pensions in 7 European Countries 1. Introduction. What is a minimum pension. Social assistance is usually the last resort benefit to be received
More informationWelcome to Stockholm The Green Capital of Europe 2010
Welcome to Stockholm The Green Capital of Europe 2010 Day 1 Arrival to Arlanda Airport. A transfer bus with guide is waiting for us. It takes about 50 minutes from Arlanda to the hotel. On the way to our
More informationStock market release 2013-02-14 Page 1/5
Stock market release 2013-02-14 Page 1/5 SAS AB (publ) announces notice to the Annual General Meeting on 20 March 2013 Shareholders in SAS AB (publ) are hereby invited to attend the Annual General Meeting
More informationHOTEL MARKET REPORT SOFIA 2015
www.kohl-int.com HOTEL MARKET REPORT SOFIA 2015 A REPORT BY INCREASING TREND OF OVERNIGHTS! After a period of stagnation in Sofia s overnights between 2009-2011, since 2012 the number of arrivals and spent
More informationKevin Kowalski Vice President, Crowne Plaza Brand
Kevin Kowalski Vice President, Crowne Plaza Brand -0- Crowne Plaza is a 21 year old brand with two distinct eras Began as a line extension Holiday Inn Crowne Plaza Brand changes to Crowne Plaza by Holiday
More informationInterim Report January March 2000
Interim Report January March 2000 Pandox owns nine hotel properties with 1,851 rooms in the largest hotel market in Scandinavia Stockholm Radisson SAS Arlandia Hotel, 334 rooms Arlanda International airport
More informationPractical Information for visitors and participants
Practical Information for visitors and participants Address: Telephone: Fax: Electronic mail: Internet address: World Health Organization Regional Office for Europe UN City Marmorvej 51 2100 Copenhagen
More informationPress release from Pandox Hotellfastigheter AB (publ) 7 February 2000. Year-end report January December 1999
Press release from Pandox Hotellfastigheter AB (publ) 7 February 2000 Year-end report January December 1999 Income after tax amounted to SEK 83.4 M (61.5), corresponding to earnings per share, excluding
More informationInterim report ICA AB. January 1 June 30, 2009
Interim report ICA AB January 1 June 30, 2009 Interim report Stockholm, Sweden, August 19, 2009 Increased sales and improved operating income excluding capital gains and impairments Second quarter Net
More informationINTERIM REPORT for the period January 1 March 31, 2007
Interim report for ICA AB January 1 - March 31, 2007 INTERIM REPORT for the period January 1 March 31, 2007 Stockholm, May 15, 2007 Strong sales growth but lower operating income during first quarter Net
More information2 ND QUARTER 2016 RESULTS ANNOUNCEMENT
2 ND QUARTER 2016 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 2 nd Quarter Results 19.07.2016 HIGHLIGHTS FROM THE QUARTER Revenues Gross margin Operating expenses EBITA Cashflow TOMRA Collection TOMRA Sorting
More informationThe Nordic Stock Market and NOREX. Sven Arild Andersen, CEO Oslo Børs ASA & Chairman Nordic Exchanges A/S
The Nordic Stock Market and NOREX Sven Arild Andersen, CEO Oslo Børs ASA & Chairman Nordic Exchanges A/S The European Exchange Landscape Driving forces for consolidation Transparency Cost efficency Build
More informationInterim report January September 2005
Interim report January September 2005 Operating revenues for the period rose 7.0 per cent till SEK 1,722.3 m (1,609.7) EBIT amounted to SEK 128.7 m (167.8) Write-down of the value of properties, goodwill
More informationLatvia Hotel Market Overview
Research & Forecast Report Latvia 2016 Latvia Hotel Market Overview Annual Review Accelerating success. Hotel Market General Overview > > During the first three quarters of 2015, the number of visitors
More informationHANDELSBANKEN. Nordic Small/Mid Cap Seminar
HANDELSBANKEN Nordic Small/Mid Cap Seminar JUNE 2010 Contents Section 1 INTRODUCTION Section 2 DEVELOPING IC COMPANYS Section 3 FROM FOUNDATION TO DISTRIBUTION Section 4 OUTLOOK 2 2 IC Companys Home of
More informationBUSSAVGANG FRA HOTELLENE MANDAG 9. JUNI
08:45 Quality Hotel EXPO land for flights 11:05 og 11:30 08:45 Scandic HTL Fornebu og Nordland for flights 11:15 OG 11:30 Via Quality EXPO til OSL 08:45 Scandic HTL Fornebu 08:45 Scandic HTL Fornebu Hammerfest.
More informationThe Highland Group Reports 2015:
S P E C I A L R E P O R T S U M M A R Y The Highland Group Reports 2015: Lifestyle Hotels Soft Brand Collections Boutique Hotels Rumeli Han, Curio Collection by Hilton March 25, 2015 The Hunter Hotel Investment
More informationSAS Q3 2014/2015 TELECONFERENCE 08.09.2015
SAS Q3 2014/2015 TELECONFERENCE 08.09.2015 Q3 brief summary Q3 update Commercial initiatives paying off EuroBonus members up 15% - now 4 million Summer program with 47 seasonal routes well received by
More informationPandox acquires Hotellus International AB
PRESS RELEASE Stockholm February 7, 2000 Pandox acquires Hotellus International AB The acquisition creates a large and pure hotel property company with wellknown brands and operations in northern Europe.
More informationNOBINA AB INVESTOR PRESENTATION, Q3, SEPTEMBER NOVEMBER 2015
NOBINA AB INVESTOR PRESENTATION,, SEPTEMBER NOVEMBER 2015 LARGEST PUBLIC TRANSPORT COMPANY IN THE NORDIC REGION Nobina s economies of scale, market expertrise and outstanding bus fleet, combined with long-term
More informationOslo Børs Holding ASA 4 th quarter 2001
Oslo Børs Holding ASA 4 th quarter 2001 Highlights in the 4 th quarter Pre-tax earnings 4 th quarter: MNOK 11.5 for 2001: MNOK 61 Earnings per share 4 th quarter: NOK 1.56 for 2001: NOK 9.95 Proposed ordinary
More informationHotels in Copenhagen (as of October 2009)
Hotels in Copenhagen (as of October 2009) Adina Apartment Hotel Copenhagen Amerika Plads 7, 2100 Copenhagen +45 88 19 36 99 www.adina.eu.com +45 39 69 10 00 2009 prices Studio room with small kitchen DKK
More informationE-commerce in the Nordic region Q3 2014 THEME: E-COMMERCE AT CHRISTMAS
E-commerce in the Nordic region Q3 2014 THEME: E-COMMERCE AT CHRISTMAS Nordic e-commerce valued at SEK 34.5 bn FOREWORD Nordic consumers estimate that during Q3 they have made online purchases to a total
More informationAgreement signed regarding divestment of eight Investment properties in Sweden for MSEK 850.
Revenue from Property Management amounted to MSEK 365 (359). Adjusted for currency effects and comparable units, the increase was 6 percent. Net operating income from Property Management amounted to MSEK
More informationAarhus United A/S CVR no. 45 95 49 19
Erik Højsholt Direct line: +45 8730 6102 Fax: +45 8730 6002 erik.hojsholt@aarhusunited.com 2005-07-12 Aarhus United A/S CVR no. 45 95 49 19 Stock exchange announcement no. 15/2005 Statement from the Board
More informationA LOOK AT THE CANADIAN LODGING INDUSTRY IN 2011 AND AHEAD TO 2012
OCTOBER 2011 CANADIAN MONTHLY LODGING OUTLOOK A LOOK AT THE CANADIAN LODGING INDUSTRY IN 2011 AND AHEAD TO 2012 Carrie Russell, AACI Senior Vice President www.hvs.com HVS IN CANADA 6 Victoria Street, Toronto,
More informationGuide to Establishing a Business in Denmark
Guide to Establishing a Business in Denmark www.investindk.com Contents Introduction: Establishing a Business in Denmark... 2 Key Facts About Setting up a Business in Denmark... 2 Business Activities in
More informationYEAR-END REPORT for the period January 1 December 31, 2006
Year-end report for ICA AB January 1 - December 31, 2006 YEAR-END REPORT for the period January 1 December 31, 2006 Stockholm, February 21, 2007 Strong net income for ICA Group in 2006 despite weak fourth
More informationINTERIM REPORT SECOND QUARTER 2015 CEO ARNE MJØS OSLO, 27 AUGUST 2015
INTERIM REPORT SECOND QUARTER 2015 CEO ARNE MJØS OSLO, 27 AUGUST 2015 Highlights of the second quarter Revenue NOK 114 million, unchanged from last year. Improved EBITDA of NOK 9.9 million, 8.6 % margin
More informationEuropean Market Study
European Market Study Statistical Benchmark Analysis of Chinese market growth potential to Scandinavian tourism industry By Claus Sager, Tourismdesign - Frankfurt (DE) - M: tourismdesign2006@yahoo.com
More informationQ1 2015. Interim presentation. 29 April 2015
Interim presentation 29 April highlights Revenues (NOKm) Operating margin % EPS basic (NOK) Revenues (NOKm) Operating margin % EPS (basic) (NOK) 392 30% 0.21 263 256 283 296 23% 21% 23% 23% 224 226 207
More informationHotel, Tourism and Leisure. Asia Pacific Quarterly Update Volume 3 Spotlight: Malaysia
Hotel, Tourism and Leisure Asia Pacific Quarterly Update Volume 3 Spotlight: Malaysia ASIA PACIFIC HOTEL REVIEW HOTEL OPENING BY COUNTRY HOTEL OPENINGS Total hotel openings by international hotel management
More informationCapacity and Turnover in Public Accommodation Establishments in Hungary
Capacity and Turnover in Public Accommodation Establishments in Hungary According to Act I of 1978 on domestic trade, in Hungary all establishments operated as a business for overnight accommodation and
More informationINTERIM REPORT for the period January 1 June 30, 2006
ICA AB, corporate identity number 556582-1559 INTERIM REPORT for the period January 1 June 30, 2006 Strong development for ICA Group during first half year Stockholm, August 15, 2006 Net sales during the
More informationQuarterly Report Egypt Hotels Full-Year 2015. Egypt Full-Year 2015 Review 4 Key Cities
Quarterly Report Egypt Hotels Full-Year 2015 Egypt Full-Year 2015 Review 4 Key Cities Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 2 Cairo SUPPLY A number of high profile properties
More informationActivity in the Norwegian foreign exchange and derivatives markets in April 2013
1 Activity in the Norwegian foreign exchange and derivatives markets in April 2013 Every three years since 1989, Norges Bank has conducted a survey of activity in the Norwegian foreign exchange market
More informationLoss after tax was MEUR 11.9 ( 2.7) and was negatively impacted by write-downs of fixed assets of MEUR 11.6.
The year in brief Like-for-like (L/L) RevPAR grew by 3.7%, mainly derived from a 3.2% increase in room rate. Eastern Europe (15.0%) led the L/L RevPAR recovery throughout the year followed by Rest of Western
More informationABG Sundal Collier. Preliminary 2009 results. Press Release
Press Release ABG Sundal Collier Preliminary 2009 results Oslo, 15 February 2010 The markets in Q4 continued to improve, but revenues have still not reached the levels of previous years. Group revenues
More informationesoft systems CVR-nr. 25 36 21 95 FIRST NORTH ANNOUNCEMENT NO.88 17.03.2016 PLEASE READ THE DANISH VERSION FOR LEGALLY BINDING INFORMATION.
17.03.2016 esoft systems FINANCIAL STATEMENT 2015 for the period from January 1st 2015 to December 31st 2015 THIS IS A TRANSLATED VERSION OF THE ORIGINAL FIRST NORTH MESSAGE PUBLISHED TO THE STOCK MARKET.
More informationTHIS IS THE CHINESE TRAVELER TO COPENHAGEN
THIS IS THE CHINESE TRAVELER TO COPENHAGEN RESULTS FROM EXIT SURVEY IN CPH AIRPORT BY WONDERFUL COPENHAGEN Signe Jungersted, Director of New Markets, Wonderful Copenhagen Mille Marcussen, Senior Advisor,
More informationNordic Scandic Expansion
Nordic Scandic Expansion Scandic is continuing to grow in the Nordic region, adding three new franchise hotels and renewing an existing franchise agreement. Three of the hotels are located in the city
More informationTHE OLAV THON GROUP IN 2014
ANNUAL REPORT 2014 OLAV THON GROUP ANNUAL REPORT 2014 Contents 02 The Olav Thon Group in 2014 03 Key figures 04 About Olav Thon Group 06 Geographical Scope 07 Group Structure 07 Group Management 08 Annual
More informationAccommodation, transportation and short about the town Slagelse
Accommodation, transportation and short about the town Slagelse In the following some practical information is given about Slagelse. In case you need additional information, please do not hesitate contacting
More informationTHE CURRENT STATUS OF HOTEL DEVELOPMENT ACTIVITY AND CONSTRUCTION COSTS IN CANADA
CANADIAN MONTHLY LODGING OUTLOOK JANUARY 2013 THE CURRENT STATUS OF HOTEL DEVELOPMENT ACTIVITY AND CONSTRUCTION COSTS IN CANADA www.hvs.com HVS IN CANADA 6 Victoria Street, Toronto, ON M5E 1L4, CANADA
More informationLillehammer (Norway) 5-6/12/2015 World Cup CC
Lillehammer (Norway) 5-6/12/2015 World Cup CC Competition Programme Date Format Distance L/M 05/12/2015 Skiathlon 7,5km +7,5km/ 15km + 15km 06/12/2015 Relay 4x5 km/ 4 x 7,5 km Event Programme Date Competition
More informationNorwegian Foreign Visitor Survey 2011
Summary: Norwegian Foreign Visitor Survey 2011 TØI Report 1166/2011 Author(s): Eivind Farstad, Arne Rideng and Iratxe Landa Mata Oslo 2011, 67 pages Norwegian language In 2011 a total of 5.0 million foreign
More informationOSLO 45 Investor Summit The Nordic property markets Bård Bjølgerud / Håvard A. Nustad Pangea Property Partners
OSLO 45 Investor Summit The Nordic property markets Bård Bjølgerud / Håvard A. Nustad Pangea Property Partners Contents 1 Macroeconomic outlook 3 2 Nordic property markets 4 3 Norway vs. Sweden 11 4 Norwegian
More informationScandinavian Highlights
Scandinavian Highlights 11 days 10 nights Valid 2015 All year *Option 10 days 9 nights tour Itinerary Helsinki Stockholm Oslo Geilo Flåm Bergen Oslo Copenhagen Day 1 Helsinki, Arrival Arrive in Helsinki,
More informationTOURISM INDUSTRY IN SWEDEN
TOURISM INDUSTRY IN SWEDEN SECTOR OVERVIEW Sweden s fastest growing industry 1 SWEDEN - AN ATTRACTIVE DESTINATION SECTOR OVERVIEW The Swedish Travel and Tourism sector offers everything required for doing
More informationFor a complete set of definitions, please refer to pages 27, 28 and 34.
Revenue from Property management amounted to MSEK 331.9 (358.6*), a decrease of 7.4 per cent, which is explained by the divestment of 15 hotel properties in April 2014. Adjusted for currency effects and
More information> nordic roots global view <
> nordic roots global view < INNOVATORS BY NATURE Nordic roots global view > We are rooted in the Danish tradition of craftsmanship that emerged in the transition from an agricultural to an industrial
More informationECONOMIC OUTLOOK. Skøyen 15 September 2015 Rolf Albriktsen Kristoffer Eide Hoen
ECONOMIC OUTLOOK Skøyen 15 September 2015 Rolf Albriktsen Kristoffer Eide Hoen Norway: Slower growth ahead Moderate forecasts for building construction, high activity in civil engineering Increasing regional
More informationPrague, Bratislava and Budapest back on track?
CEE hotel market snapshot Prague, Bratislava and Budapest back on track? April 2015 CEE: Prague, Bratislava and Budapest back on track? Introduction Dear Readers, Dear Friends of Christie + Co, Central
More informationDanske Markets, CIB & Equities
Capital Markets Day 4 December 2002 Danske Markets, CIB & Equities www.danskebank.com 1 Mission Statement Danske Bank wants to be a dominant Scandinavian trading bank with a broad European product palette
More informationNet interest-bearing debt at 30 June 2015 was DKK 560 million (30 June 2014: DKK 595 million).
H+H International A/S Interim financial report Company Announcement No. 327, 2015 H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark Tel. +45 35 27 02 00 info@hplush.com www.hplush.com
More informationBUS TRANSPORT ONS 2016
BUS TRANSPORT ONS 2016 Buses are free and will be marked with route number. To ONS From city hotels Scandic Stavanger City, Every 30 minutes: 07.00-08.00 (Monday) Route 1 Every 10 minutes: 08.00-10.20
More informationDownturn good for expansion
Summertime You must have noticed that our updates of late have been scant, which, in part, pertains to the simple fact that these are lazy days, albeit not for us. Au contraire, we re busy building new
More informationUNIVERSITY EDUCATION IN ADVANCED CENTER MANAGEMENT 2016
UNIVERSITY EDUCATION IN ADVANCED CENTER MANAGEMENT 2016 UNIVERSITY EDUCATION IN ADVANCED CENTER MANAGEMENT 2016 NCSC represents the shopping center industry in the Nordic countries, providing strong international
More informationEuropean Consumer Salary Survey 2013. What are you worth?
European Consumer Salary Survey 2013 What are you worth? Introduction Welcome to Nigel Wright Recruitment s European Consumer sector Salary Survey 2013, which is specifically designed to provide you with
More informationExecutive Summary. Summary of the National IT and Telecom Agency's 'Analysis of prices and costs for mobile data services abroad'
Executive Summary Summary of the 's 'Analysis of prices and costs for mobile data services abroad' The EU Roaming Regulation, which entered into force in 27, contains an obligation on the Commission to
More informationInterim Report six months ending June 30, 2002
Press release from Pandox AB (publ) August 26, 2002 Interim Report six months ending June 30, 2002 Pandox total property revenue amounted to SEK 279.9 (284.3) M. For comparable units the decrease amounted
More informationEuroanaesthesia The European Anaesthesiology Congress
Photo: Ola Ericson_imagebank.sweden.se Euroanaesthesia The European Anaesthesiology Congress May 31 June 3, 2014 Stockholm, Sweden 1 Photo: Nicho Södling_imagebank.sweden.se 2 City Center: Page Elite Hotel
More informationEuropean Freight Forwarding Index
European Freight Forwarding Index Volume development in January 14 Erik Bergöö erbe@danskebank.dk +45 45 12 36 Philip Levin phle@danskebank.dk +45 26 19 26 17 Important disclosures and certifications are
More informationDanske Markets Navigating the Nordics CFO Tor Lønnum. Download presentation at Tryg.com
Danske Markets Navigating the Nordics CFO Tor Lønnum Download presentation at Tryg.com 1 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions
More informationINVITATION TO SUBSCRIBE FOR PREFERENCE SHARES IN SAS AB
The English version of this prospectus is an unofficial translation of the Swedish original and in case of any discrepancies between the Swedish version and the English translation, the Swedish version
More informationBetting On Rain Managing Seasonal Risk in Western NSW - Readers Note
Betting On Rain Managing Seasonal Risk in Western NSW - Readers Note This document is part of a larger publication. The remaining parts and full version of the publication can be found at: http://www.dpi.nsw.gov.au/publications?a=63667
More informationINTERIM REPORT H1 2015/16
I C GR OUP Company Announcement no. 4 /2016 INTERIM REPORT Consolidated revenue for amounted to DKK 1,446 million (DKK 1,426 million) corresponding to an increase of 1.4%, or 2.3% measured in local currency,
More informationContents. Introduction To Volopa. Bank To Bank. The Volopa Lifestyle Card. Lifestyle Card In Use. How Your Money Is Managed. Manage Your Money Online
VOLOPA SOLUTIONS Contents Introduction To Volopa Bank To Bank The Volopa Lifestyle Card Lifestyle Card In Use How Your Money Is Managed Manage Your Money Online Branded Cards & Partnership About Volopa
More informationJoint seminar of the UBC Commissions on Urban Planning, Environment, Energy and Transport, 09. 11.05.2012 Halmstad, Sweden PRACTICAL INFORMATION
Joint seminar of the UBC Commissions on Urban Planning, Environment, Energy and Transport, 09. 11.05.2012 Halmstad, Sweden PRACTICAL INFORMATION 1. Registration To register for the meeting and to reserve
More informationItaly Spain. France Germany. Percent (%)
March Commentary from Pacific Asset Management, the subadvisor to the Pacific Funds SM Fixed-Income Funds. The Euros Are Coming The gap between U.S. and European bond yields presents an interesting value
More informationA targeted market strategy for tram and metro in Oslo?
TØI report 65/23 Authors: Jon-Terje Bekken, Bård Norheim, Frode Longva Oslo 23, 47 pages Norwegian language Summary: A targeted market strategy for tram and metro in Oslo? Object and background Oslo has
More informationABGSC Improved revenues and increased profits
Press Release ABG Sundal Collier First Quarter 2010 - Report to Shareholders ABGSC Improved revenues and increased profits Oslo, 29 April 2010 The outlook for the world economy and our firm has brightened
More information2016 15 17 JUNE STOCKHOLM
CALL FOR ABSTRACT Nordic Conference in Nursing Research Methods and Networks for the future 2016 15 17 JUNE STOCKHOLM photo: erik g svensson/mediabank.visitstockholm.com Call for Abstracts second Nordic
More informationEconomic and Social Council
United Nations Economic and Social Council Distr.: General 27 February 2014 ECE/CES/2014/43 Original: English Economic Commission for Europe Conference of European Statisticians Sixty-second plenary session
More informationSCANDINAVIAN CONFERENCE
SCANDINAVIAN CONFERENCE The Scandinavian model of employee representation Oslo, 23 rd 25 th April 2013 The Nordic countries are considered to have a social partnership tradition when it comes to their
More informationZetaDisplay. Europe leads the way. EPaccess
EPaccess Media Sweden 22 November 213 Equity Research +46 8 463 8 analys@penser.se ZetaDisplay Europe leads the way Risk and Return Potential Return Potential Risk High High Risk Current Price 4,8 High/Low
More information