Halmtorvet 20-22

7

Room rates are historically high, and occupancy rates continue to improve in the city Copenhagen hotels continue to increase revenues

Key figures for 3-star hotels, Copenhagen

Key figures for 4- or 5-star hotels, Copenhagen

1 , 400

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

1 , 000

- 100 200 300 400 500 600 700 800 900

1 , 200

1 , 000

800

600

400

200

-

15 16 17 18 19 20 21 22 23 24 RevPAR ADR Occupancy rate

15 16 17 18 19 20 21 22 23 24 RevPAR ADR Occupancy rate

Note: RevPAR = Revenue Per AvailableRoom, DKK (l.a.), ADR = Average DailyRate, DKK (r.a.), Occupancy rate, % (r.a.). Includes data from January through August each year. Source: Benchmarking Alliance, Colliers

Note: RevPAR = Revenue Per AvailableRoom, DKK (l.a.), ADR = Average DailyRate, DKK (r.a.), Occupancy rate, % (r.a.). Includes data from January through August each year. Source: Benchmarking Alliance, Colliers

3, 4 or 5 stars : Hotels in Copenhagen categorised according to the star categories defined by HORESTA, VisitDenmark, Hotelstars Union and industry representatives, with 3 stars typically denoting regular hotels and 4 or 5 stars denoting upscale hotels, see https://hotelstars.dk/da/om-stjernerne/