On August 14, 2019 Kämp Collection Hotels published an announcement on its official page regarding the company’s acquisition by the Nordic Choice Hospitality Group with its headquarters in Norway. The deal is yet to be finalized shortly after approval from the competition authorities; however, it is most certain that the Nordic company wants to establish a stronger presence in the Finnish market, which is rapidly growing. According to the Statistics Finland, the tourism and hospitality industry is on a constant rise for the past years, for example, as per June 2019 the increase of 6.4% by resident tourists and 4.8% by foreign tourists comparing to the previous year was recorded in terms of overnight stays. Moreover, with the ambitious goal set by the Ministry of Economic Affairs and Employment, Finland should become the top touristic destination in Northern Europe by the year 2025. Naturally, considering all this attractiveness and highly prospective market, large hotel groups are shifting their focus onto the country of a thousand lakes.
Kämp Collection Hotels’ portfolio comprises 10 hotels in Helsinki, i.e. iconic and historic Hotel Kämp, which was established in 1887, Hotel St. George, Klaus K Hotel, Hotel Fabian, Hotel Lilla Roberts, Hotel Haven, and four GLO Hotels with 1 upcoming hotel, which is expected to open its doors in 2023. With this acquisition, the Nordic Choice Hospitality Group will certainly improve its position in Finland. Therefore, after the acquisition, the Finnish portfolio of the group will include these above-mentioned luxury and lifestyle hotels, a boutique hotel F6 and two Clarion Hotels, which are already operating in Helsinki by management of the group.
Speaking of attractiveness of the country, just recently Finland has already experienced major acquisition of Restel Hotels by Scandic Hotels, which certainly made it the largest hotel group in this Nordic country. Obviously, one can notice some tendency in these processes, to be more exact, a competition of “titans” in the industry of hospitality in Finland, i.e:
- the S-Group with its portfolio of Sokos Hotels and Radisson Blu (hotels in Finland);
- the group of Scandic with its portfolio of Scandic Hotels, IHG and Hilton (hotels in Finland)
- Nordic Choice Hospitality Group with its portfolio of Clarion Hotels, Hotel F6, and Kämp Collection Hotels.
The pandemic left hardly any business or industry untouched, but real estate was front and center for many of the biggest shifts. The offices where we work, warehouses facilitating the boom in online-shopping, hotels and malls that went quiet during travel restrictions and lockdowns: these sectors became a cornerstone of idle chats well beyond commercial real estate circles.
In recent years, the programme of the St. Petersburg International Economic Forum has always included discussions of the tourism and hospitality industry. Last year's debate on the role of tourism in the economy was attended by Secretary General of the World Tourism Organization. The 2017 programme turned out to be no exception.
On the 13th of December a very beautiful, charming tradition is celebrated, i.e. the Saint Lucia’s Day. Being celebrated in the Nordics and some European countries, the main events take place in Sweden and neighbouring Finland. Having become a very popular tradition, nowadays the celebration attracts lots of foreigners as well as Finnish-speaking Finns.
TOHOLOGY is launching a series of articles “The Hospitality Industry. Companies”. We met with Selim Olmez, Marketing Director at W St. Petersburg, to talk about the history and the concept of the W Hotels chain.