Market report 2Q22

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June 1, 2022

2022 started off with another pandemic related closure, following governement instituted lock downs med December 2021. The result were very few room nights during the period December-21 to February-22. Most restrictions were lifted on 12th February, and much of the same pick-up as experienced in 2nd half of 2021was replicated in 2nd quarter of 2022.

Second quarter 2022 brought occupancy levels to pre-Covid 19 levels, driven by the domestic leisure market.

May and especially June delivered strong in the conference market. All while the Corporate segment is still trading lower than per-Covid 19 levels. The International Leisure market is still trading lower than 2019 levels, affected by the shortfall of Asian and American travelers.

Total RevPAR for first half of 2022 is 1% higher than equivalent period in 2019.