The coronavirus pandemic caused significant disruptions in the hospitality industry across the globe. In the Nordic region, this can be seen in the decline in the revenue per available room (RevPAR) of hotels in capital cities from April onwards due to restrictions in non-essential travels worldwide. Hotels in Reykjavik experienced the most dramatic price drop from March to April when hotels cost just one euro per night. RevPAR continued to drop on the fourth quarter of 2020, with hotel rooms generating revenue as low as three euros per available room. Hotels in Copenhagen and Helsinki generated the highest revenue in December, but it was still lower than the revenues generated pre-pandemic.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Revenue per available room of hotels in the capitals of the Nordic countries in 2020
(in euros)
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Nordic Hotel Consulting. (January 14, 2021). Revenue per available room of hotels in the capitals of the Nordic countries in 2020 (in euros) [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/880796/monthly-revpar-of-hotels-in-the-nordic-capitals/
Nordic Hotel Consulting. "Revenue per available room of hotels in the capitals of the Nordic countries in 2020 (in euros)." Chart. January 14, 2021. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/880796/monthly-revpar-of-hotels-in-the-nordic-capitals/
Nordic Hotel Consulting. (2021). Revenue per available room of hotels in the capitals of the Nordic countries in 2020 (in euros). Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/880796/monthly-revpar-of-hotels-in-the-nordic-capitals/
Nordic Hotel Consulting. "Revenue per Available Room of Hotels in The Capitals of The Nordic Countries in 2020 (in Euros)." Statista, Statista Inc., 14 Jan 2021, https://www.statista.com/statistics/880796/monthly-revpar-of-hotels-in-the-nordic-capitals/
Nordic Hotel Consulting, Revenue per available room of hotels in the capitals of the Nordic countries in 2020 (in euros) Statista, https://www.statista.com/statistics/880796/monthly-revpar-of-hotels-in-the-nordic-capitals/ (last visited May 26, 2022)
