Region overview: 16,000 extra keys lined up for Scandinavia [Infographic]

by | 03 Mar 2021 | All, Projects

Thousands of new hotel rooms are on their way in Scandinavia, according to the TOPHOTELPROJECTS construction database, with Denmark and Sweden leading the charge.

Our researchers report that 68 hotel schemes, comprising 16,363 rooms in total, are being progressed across Scandinavia right now. Here, we take a closer look at these ongoing projects, and pick out a few of the most noteworthy ones.

Hotel projects by year in Scandinavia

It looks like 2021 will be by far the busiest year for the region in terms of hotel launches – 31 properties with 7,483 keys are scheduled to go live over the coming months, of which 11 are already in the pre-opening phase.

In 2022, a further 16 projects with 3,490 rooms are due to be completed. As for 2023, another nine hotels with 2,578 keys are in the pipeline, while 12 schemes and 2,812 rooms have been mooted for 2024 and beyond.

Of Scandinavia’s 68 new hotels, the vast majority (57) fall into the four-star category, while just a select few (11) are targeting the five-star segment.

Key hotel market growth regions across Scandinavia

Denmark leads our country-by-country list with 19 new properties and 5,335 additional keys on the horizon. Copenhagen, the Danish capital, is also the region’s fastest growing city, with ten new hotels and 2,599 rooms in the works.

Sweden takes second spot in terms of national growth markets. While its new property count of 19 equals that of Denmark, the country falls well behind on room numbers (4,201), highlighting the fact that Swedish schemes are on average much smaller than their neighbour’s. Before we move on, incidentally, it’s worth pointing out that Gothenburg ranks third among the region’s top cities, with five hotels and 1,537 rooms being planned.

Elsewhere, Finland will expand its offering by 14 properties and 4,069 keys. This performance is helped by a strong showing from its capital Helsinki, the region’s second most active city with nine launches and 2,599 extra rooms coming up.

Top brands expanding in Scandinavia

Scandic Hotels leads this list by virtue of its efforts to add 14 hotels and 4,372 keys to its portfolio in the years ahead.

Choice Hotels International is also betting big on Scandinavia. Its Clarion Hotels brand will grow by five properties and 1,774 rooms, while Comfort Hotels is working on three projects with 1,150 keys.

Must-know hotel projects in Scandinavia

When it opens in late 2021, the 273-room Lapland Hotels Tampere Arena will connect directly to Finland’s largest multipurpose arena. This should make it an appealing option for domestic and international travellers heading to the south of the country to attend major events.

Also in Finland, the 224-room Grand Hansa Hotel promises to bring a key element of Helsinki’s architectural history back to life. Set in the city block of Kaivopiha, the new hotel will be part of Hyatt Hotels Corporation’s Unbound Collection when it opens by mid-2022.

Last but not least, another impressive Hyatt property, The Unbound Collection by Hyatt Hotell Reisen, will welcome guests to the heart of Stockholm’s old town from mid-2022. Occupying a striking building that dates back to the 17th century, it’ll offer 144 luxurious rooms, many of which overlook the water.

Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.

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