It’s not just leisure travellers that are boosting demand for hotel beds.

“The Nordic region had a different approach to the pandemic and saw a quicker hospitality rebound,” says Giesemann. “We’ve seen a corresponding resurgence of business travel fuelled by rising numbers of exhibitions and conferences.”

Some hotel operators have been quick to capitalize, attracting corporate guests by incorporating coworking spaces into their offerings.

As markets continue to face a degree of uncertainty, investors seeking homes for capital are still benefiting from discounted hotel trading rates when compared to the sector’s pre-pandemic levels.

“All the signs point to continued interest, with strong operational performance paired with the outlook of lower funding costs expected to selectively boost the total returns outlook in Nordic hotels,” says Giesemann.