Forecast: Foreign Tourists Arrivals at Hotels in Finland

Foreign tourist arrivals in Finland experienced a fluctuating trend from 2013 to 2023. The numbers saw a decline between 2013 and 2015, followed by a recovery phase until 2019. A significant drop occurred in 2020 due to the pandemic, with arrivals decreasing by 73.24%, and further declined in 2021 by 10.35%. However, a substantial rebound was observed in 2022 with an increase of 167.34%. As of 2023, arrivals stood at approximately 1.88 million, showing a slight year-on-year rise of 0.94%. The overall Compound Annual Growth Rate (CAGR) for the period from 2019 to 2023 is negative, indicating the prolonged effects of the pandemic on tourist arrivals.

Future trends to watch for:

- With a forecasted CAGR of 0.92% from 2024 to 2028, arrivals are expected to stabilize and grow steadily.

- The hospitality sector may see incremental growth due to increased global travel confidence and potential marketing efforts by Finnish tourism authorities.

- Emerging trends in sustainable tourism and travel technology could further influence tourist dynamics in Finland.