In November, the occupancy level remains comparable to the same period last year. From August to October, there was a slight decrease of 2 percent compared to the corresponding period in the previous year, primarily due to lower demand. However, when considering the broader context, there has been a significant overall increase in occupancy. The average increase during the same periods in 2021 is 11 percent, and an impressive 65.5 percent compared to the year 2020.
To measure occupancy, the company uses the alternative key figure OCC (Occupancy).
Development Occupancy (OCC) | OCC compared to the same month in 2022 | OCC compared to the same month in 2021 | OCC compared to the same month in 2020 |
+0% | +2% | +90% | |
-2% | +5% | +40% | |
-2% | +22% | +54% | |
-2% | +14% | +78% |
First Operations
In November, the occupancy shows a commendable increase of 10 percent compared to the same period last year. However, there was a temporary decline of 13 percent in October, attributed to technical challenges during a system change related to the business takeover. Despite this, overall hotel bookings and business have seen substantial growth in October and November, with increases of 17 percent and 53 percent compared to the same period last year and impressive growth of 23 percent and 204 percent compared to the same periods in 2021 and 2020, respectively.
To measure occupancy, the company uses the alternative key figure OCC (Occupancy).
Development Occupancy (OCC) | OCC compared to the same month in 2022 | OCC compared to the same month in 2021 | OCC compared to the same month in 2020 |
+10% | +53% | +204% | |
-13% | +17% | +23% |
First Hotels Average Price
We are pleased to report a continual increase in average prices at
The company measures the average price using the alternative key figure ADR, which stands for Average Daily Rate, which refers to the average price that a hotel guest pays per night per room.
Development average price (ADR) | ADR compared to same month in 2022 | ADR compared to same month in 2021 | ADR compared to same month in 2020 |
+1% | +16% | +52% | |
+3% | +23% | +37% | |
+7% | +31% | +44% | |
-3% | +25% | +42% |
First Operations Lund Average Price
Similar positive effects are observed in average prices for hotel operations, with increases of 6 percent and 5 percent in October and November, respectively, compared to the same period last year. Moreover, impressive growth of 22 percent and 20 percent is noted during October and November when compared to the corresponding periods in 2021, along with a significant 20 percent increase compared to the same periods in 2020.
Development Occupancy (OCC) | OCC compared to the same month in 2022 | OCC compared to the same month in 2021 | OCC compared to the same month in 2020 |
+5% | +20% | +20% | |
+6% | +22% | +20% |
The company measures the average price using the alternative key figure ADR, which stands for Average Daily Rate, which refers to the average price that a hotel guest pays per night per room.
First Hotels RevPAR
RevPAR (revenue per available room) is a key metric in the hotel industry and an important metric for
RevPAR compared to same month in 2022 | RevPAR compared to same month in 2021 | RevPAR compared to same month in 2020 | |
+1% | +19% | +190% | |
+1% | +29% | +91% | |
+5% | +61% | +122% | |
-4% | +43% | +153% |
First Operations
In October, there was an 8 percent decrease in RevPAR due to technical challenges related to a system shift. However, November shows a significant increase of 15 percent, attributed to measures taken in line with the mentioned key figure.
The trajectory concerning the years impacted by the pandemic, namely 2021 and 2020, also exhibits a highly favorable outlook.
RevPAR compared to same month in 2022 | RevPAR compared to same month in 2021 | RevPAR compared to same month in 2020 | |
+15% | +83% | +265% | |
-8% | +43% | +47% |
First Operations
Total net sales: For
Development in net sales | Revenue compared to the same month in 2022 | Revenue compared to the same month in 2021 | Revenue compared to the same month in 2020 |
+18% | +78% | +249% | |
-6% | +38% | +40% |
We look forward to consistently providing delightful hotel experiences for our guests and furthering the success of our business.
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