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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels (5-Star Plus) in Sweden

13 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

The economy helps to drive sales in luxury hotels

The good economy attracted investment to Sweden, which helped to drive sales of luxury hotels in 2017. Business trips to Sweden increased, positively affecting the sales of luxury hotels in Sweden, as many businesses, particularly American companies, have a policy that their employees should stay in 5-star hotels.

Tourists account for a growing proportion of occupancy

The proportion of sales from tourists is growing in luxury hotels. The number of foreign tourists increased rapidly in the last couple of years, therefore having a positive impact on the category.

Intensified competition is expected to negatively impact sales

In the forecast period, luxury hotels is expected to see a slower performance than in the review period in value terms at constant 2017 prices. The reason for this is the higher competition, as many more hotels are being built in urban areas, namely in the two largest cities Stockholm and Gothenburg.

COMPETITIVE LANDSCAPE

Grand Hôtel dominates the market

Grand Hôtel led luxury hotels in Sweden in 2016. Not only does it offer more rooms compared with the other luxury hotels, it also has a strong reputation for its luxury heritage, as it is the only Swedish member of “The Leading Hotels of the World”.

New hotels are challengers

There are only five luxury hotels in Sweden; albeit the number of 5-star hotels increased rapidly over the last decade. The newest addition, Upper House, opened in 2013, and stands as a challenger, taking share from the only other luxury hotel in the city of Gothenburg, Elite Hotel Plaza Göteborg.

Niche is essential for luxury hotels in the forecast period

Finding a niche is expected to be of growing importance for players in luxury hotels in the forecast period. Despite benefiting from high occupancy rates, the few hotels will see competition not only from the other luxury hotels, but also from 4-star hotels, which are increasingly focusing on niches to attract consumers.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Sweden with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Sweden, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Sweden market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Sweden?
What are the major brands in Sweden?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Sweden

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

The economy helps to drive sales in luxury hotels

Tourists account for a growing proportion of occupancy

Intensified competition is expected to negatively impact sales

COMPETITIVE LANDSCAPE

Grand Hôtel dominates the market

New hotels are challengers

Niche is essential for luxury hotels in the forecast period

Overview

Why buy this report?

SAMPLES

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Overview

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Megatrends

Country Report

Luxury Hotels (5-Star Plus) in Sweden

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

The economy helps to drive sales in luxury hotels

Tourists account for a growing proportion of occupancy

Intensified competition is expected to negatively impact sales

COMPETITIVE LANDSCAPE

Grand Hôtel dominates the market

New hotels are challengers

Niche is essential for luxury hotels in the forecast period

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Why buy this report?

Want to find out more about this report?

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