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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Sweden

Jan 2020

US$990

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Executive Summary

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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

Growth slows on the back of global uncertainty

Global uncertainty negatively impacted value sales of luxury hotels in Sweden in 2019. Business guests, both international and domestic, along with foreign visitors travelling for leisure purposes account for the majority of luxury hotel guests.

Leisure travellers picking up some of the slack from the slowing business performance

While an uncertain business landscape is having a negative impact on business travellers, the weak Swedish krona is benefiting luxury hotels – and tourism/hotels in general – when it comes to leisure guests. Tourists are accounting for a growing proportion of occupancy in luxury hotels.

American tourists are the heaviest users of luxury hotels

The proportion of sales accounted for by tourists is growing. The number of Chinese and American tourists increased again in 2019.

COMPETITIVE LANDSCAPE

Luxury hotels are generally independent in Sweden

Independent luxury hotels, which are not tracked in the Euromonitor International data, are the norm in Sweden. Grand Hotel in Stockholm is the best-known one.

Lack of major international chains in luxury hotels in Sweden

Major international hotel chains generally lack representation in Sweden, especially within the luxury segment. IHG has no hotels in Sweden, Accor has two budget Ibis hotels, and Hilton has one premium Hilton property, but no luxury ones.

Luxury hotels face strong competition from the wide choice of high-quality mid-level brands

A wide choice of high-quality mid-level brands, often with a Nordic connection, represent a high degree of competition for luxury hotels. Best Western (acquired Sweden Hotels in 2017 (59 hotels)), Nordic Choice Hotels (Norwegian), Scandic Hotels (Swedish), Elite Hotels of Sweden (Swedish) and Radisson (strong connection to Sweden through its collaboration with SAS) all have a strong presence in Sweden.

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Overview

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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.

SAMPLES

FAQS ABOUT SAMPLES

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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

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in Sweden - Category analysis

HEADLINES

PROSPECTS

Growth slows on the back of global uncertainty

Leisure travellers picking up some of the slack from the slowing business performance

American tourists are the heaviest users of luxury hotels

COMPETITIVE LANDSCAPE

Luxury hotels are generally independent in Sweden

Lack of major international chains in luxury hotels in Sweden

Luxury hotels face strong competition from the wide choice of high-quality mid-level brands

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in Sweden - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records stronger growth despite the growing shift towards experiences and occasions

Luxury cars shape the overall performance of luxury goods

Luxury carmakers dominate sales of luxury goods

Online sales growing, but non-grocery specialists still the dominant distribution channel

Continued growth expected over the forecast period

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

SOURCES

Summary 1 Research Sources

Luxury Goods in Sweden - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records stronger growth despite the growing shift towards experiences and occasions

Luxury cars shape the overall performance of luxury goods

Luxury carmakers dominate sales of luxury goods

Online sales growing, but non-grocery specialists still the dominant distribution channel

Continued growth expected over the forecast period

MARKET INDICATORS

Table 17 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 18 Sales of Luxury Goods by Category: Value 2014-2019
Table 19 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 20 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 21 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 22 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 23 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 24 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 25 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in Sweden

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Growth slows on the back of global uncertainty

Leisure travellers picking up some of the slack from the slowing business performance

American tourists are the heaviest users of luxury hotels

COMPETITIVE LANDSCAPE

Luxury hotels are generally independent in Sweden

Lack of major international chains in luxury hotels in Sweden

Luxury hotels face strong competition from the wide choice of high-quality mid-level brands

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in Sweden - Category analysis

HEADLINES

PROSPECTS

Growth slows on the back of global uncertainty

Leisure travellers picking up some of the slack from the slowing business performance

American tourists are the heaviest users of luxury hotels

COMPETITIVE LANDSCAPE

Luxury hotels are generally independent in Sweden

Lack of major international chains in luxury hotels in Sweden

Luxury hotels face strong competition from the wide choice of high-quality mid-level brands

CATEGORY DATA

Luxury Goods in Sweden - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records stronger growth despite the growing shift towards experiences and occasions

Luxury cars shape the overall performance of luxury goods

Luxury carmakers dominate sales of luxury goods

Online sales growing, but non-grocery specialists still the dominant distribution channel

Continued growth expected over the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

Luxury Goods in Sweden - Industry Overview

EXECUTIVE SUMMARY

Luxury goods records stronger growth despite the growing shift towards experiences and occasions

Luxury cars shape the overall performance of luxury goods

Luxury carmakers dominate sales of luxury goods

Online sales growing, but non-grocery specialists still the dominant distribution channel

Continued growth expected over the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?

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