Summary
Hotels & Motels in Finland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Finnish hotels & motels industry had total revenues of $1.3 billion in 2021, representing a negative compound annual rate of change (CARC) of 5% between 2016 and 2021.
- Industry consumption volume increased with a compound annual growth rate (CAGR) of 0.2% between 2016 and 2021, to reach a total of 613 establishments in 2021.
- In September 2022, Finland government issued bans on entry of Russian tourists in the country and transiting via the country to prevent its endangering international relations. The government slashed the number of visas issued to Russian citizens to 10% of typical number as of September 1, 2022.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Finland
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland hotels & motels market with five year forecasts
Reasons to Buy
- What was the size of the Finland hotels & motels market by value in 2021?
- What will be the size of the Finland hotels & motels market in 2026?
- What factors are affecting the strength of competition in the Finland hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Finland's hotels & motels market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
7.4. How has the COVID-19 pandemic impacted leading players?
7.5. What were the most recent market developments?
7.6. Are there any threats to the leading players?
8 Company Profiles
8.1. Scandic Hotels Group AB
8.2. Sokos Hotels
8.3. Nordic Choice Hotels
8.4. Lapland Hotels Oy
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: Finland hotels & motels industry value: $ million, 2017–21
Table 2: Finland hotels & motels industry volume: Number of Establishments, 2017–21
Table 3: Finland hotels & motels industry category segmentation: % share, by value, 2017–2021
Table 4: Finland hotels & motels industry category segmentation: $ million, 2017-2021
Table 5: Finland hotels & motels industry value forecast: $ million, 2021–26
Table 6: Finland hotels & motels industry volume forecast: Number of Establishments, 2021–26
Table 7: Scandic Hotels Group AB: key facts
Table 8: Scandic Hotels Group AB: Annual Financial Ratios
Table 9: Scandic Hotels Group AB: Key Employees
Table 10: Sokos Hotels: key facts
Table 11: Sokos Hotels: Key Employees
Table 12: Nordic Choice Hotels: key facts
Table 13: Nordic Choice Hotels: Key Employees
Table 14: Lapland Hotels Oy: key facts
Table 15: Lapland Hotels Oy: Key Employees
Table 16: Lapland Hotels Oy: Key Employees Continued
Table 17: Finland size of population (million), 2017–21
Table 18: Finland gdp (constant 2005 prices, $ billion), 2017–21
Table 19: Finland gdp (current prices, $ billion), 2017–21
Table 20: Finland inflation, 2017–21
Table 21: Finland consumer price index (absolute), 2017–21
Table 22: Finland exchange rate, 2017–21
List of Figures
Figure 1: Finland hotels & motels industry value: $ million, 2017–21
Figure 2: Finland hotels & motels industry volume: Number of Establishments, 2017–21
Figure 3: Finland hotels & motels industry category segmentation: $ million, 2017-2021
Figure 4: Finland hotels & motels industry value forecast: $ million, 2021–26
Figure 5: Finland hotels & motels industry volume forecast: Number of Establishments, 2021–26
Figure 6: Forces driving competition in the hotels & motels industry in Finland, 2021
Figure 7: Drivers of buyer power in the hotels & motels industry in Finland, 2021
Figure 8: Drivers of supplier power in the hotels & motels industry in Finland, 2021
Figure 9: Factors influencing the likelihood of new entrants in the hotels & motels industry in Finland, 2021
Figure 10: Factors influencing the threat of substitutes in the hotels & motels industry in Finland, 2021
Figure 11: Drivers of degree of rivalry in the hotels & motels industry in Finland, 2021
