Forecast: Hotel Beds Number in Finland

The number of hotel beds in Finland has shown varying trends from 2013 to 2023. Starting at 30 units per thousand persons in 2013, the figures dipped slightly in 2014 and 2015 before steadily increasing to 32 units in 2020. The number remained stable in 2021 and 2022, then rose to 33 units in 2023. Key variations include notable increases of over 3% in 2016, 2020, and 2023, showing a positive trend in recent years. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is approximately 1.26%.

Looking ahead, forecasts suggest that the number of hotel beds will continue to grow, reaching 34 units per thousand persons by 2025, maintaining this level through 2028. The five-year forecasted CAGR from 2024 to 2028 is anticipated at 0.6%, indicating moderate growth.

Future trends to watch for:

• Fluctuations in tourism demand influenced by global economic conditions.
• Potential impact of new hospitality innovations and technological advancements.
• The effect of sustainability practices on the hotel industry capacity expansions.