Colliers Denmark Market Report 2024

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HOTEL - COLLIERS MARKET REPORT 2024

HOTEL INDUSTRIAL & LOGISTICS RETAIL RESIDENTIAL OFFICE

Monthly number of bednights in Denmark, excluding Copenhagen proper

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

January

February

March

April

May

June

July

October September August

2022 2023

Note: November and December 2023 are not listed as data were not available at the time of writing this report. Source: Statistics Denmark, Colliers

Foreign tourists have returned

nationalities accounting for foreign bednights in Copenhagen proper, 2023

After years of absence during the coronavirus pandemic, for eign visitors are back, and 2023 will likely end up showing more foreign bednights than the previous record year 2019. American hotel guests in particular have returned and, together with German guests, accounted for a quarter of the total foreign bednights in Copenhagen. However, Chinese, and other Asian travellers have still not returned on the scale seen before the coronavirus outbreak. In addition, fewer guests are visiting from Norway and Sweden, as weakened currencies in the two neighbouring countries have made Denmark an expensive destination. German tourism has generally been synonymous with holi day homes and the North Sea, but Germans are increasingly visiting Copenhagen. The large, annual survey ReiseAnalyse 1 showed in 2022 that almost 8 million Germans are interested in vacationing in Copenhagen within three years.

617,027 540,752 508,288 404,572 314,655

USA

GERMANY

UK

SWEDEN

NORWAY

Note: Overnight stays at hotels and holiday resorts, Copenhagen proper (Københavns By). Based on January through October 2023 statistics. Source: Statistics Denmark, Colliers

1 ReiseAnalyse is a population-representative survey of Germans’ travel behaviour conducted since 1970.