In Quick: Snapshot of the Copenhagen resort market in 2026, exploring tourism build a query to, resort performance, resort supply, the investment market and the market outlook.
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Copenhagen Hotel Market Pulse 2026 – Image Credit Unsplash+
Located on the eastern float of Zealand, Denmark’s finest island, Copenhagen is the country’s capital, most populous city and a essential financial hub in Northern Europe. Town is house to roughly 670,000 residents within its 90 km², with a additional 730,000 residing within the wider city condominium.
Urban tag woven into the historical charm of indubitably one of Europe’s oldest capital cities makes Copenhagen an even wanting vacation location for both leisure and industry travellers. Whereas its a range of theatres, museums and parks, as neatly as indubitably among the realm’s longest pedestrianised purchasing areas, tick the leisure containers, town’s main convention centre, Bella Center, and several other hotels with finest-wanting convention services contain furthermore cemented it as indubitably among the finest MICE destinations in Europe.
Copenhagen, as with the relaxation of Denmark, has a neatly-developed infrastructure, including an in depth road network, public transportation, an global airport and a essential seaport. The Port of Copenhagen is the main cruise port of Northern Europe and become as soon as named ‘Europe’s Main Cruise Port’ for the sixth time in 2025. It has been nominated all yet again this yr.
The outlet of the Øresund Bridge (connecting Denmark and Sweden) in July 2000 build Copenhagen at the coronary heart of an expanded metropolitan condominium that is the finest in Northern Europe. On the present time, dispositions are underway that can toughen its connectivity even additional: the Fehmarnbelt Tunnel, which, at 18 km, is determined to be the realm’s longest immersed tunnel, will connect the island of Lolland in Denmark and the island of Fehmarn in Germany. Anticipated to originate in 2029, the tunnel will change into the quickest route between Scandinavia and Central Europe, cutting the transit time between Hamburg and Copenhagen in half of to factual two-and-a-half of hours. This, and other ongoing public investment projects, including the attain of areas akin to Ørestad and Nordhavn, are anticipated to pork up regional economic verbalize and tourism.
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Financial Indicators – Denmark
Offer: IMF
Tourism Request
Per nationwide statistics, bednights in Copenhagen contain elevated by higher than 50% over the closing decade, reaching a brand recent file of over 12.5 million in 2025, reflecting a compound annual verbalize rate of 4.7% between 2016 and 2025. Traditionally, home build a query to accounts for over 40% of total overnight stays, with the United States (8%), Germany (6%) and the UK (6%) representing the main global source worldwide locations in 2025. Year-to-March 2026 figures surpassed both the same length closing yr and in 2019, indicating a true launch to the yr.
Alongside the upward push in bednights, Copenhagen Airport has played a key aim within town’s tourism momentum. In 2025, the airport recorded a historical 32.4 million passengers, surpassing pre-pandemic ranges for the first time and marking a file-breaking yr. Enhance has persisted to this level in 2026, with the yr-to-April seeing 9.9 million passengers passing via the airport, an 11% amplify over the same length in 2025. Supporting persisted verbalize in both visitor arrivals and overnight stays, Copenhagen Airport expanded its network with 31 recent routes in its 2025 summer season programme, followed by a additional 20 recent routes this yr, including recent connections to destinations akin to Marseille and Bordeaux in France, and Halifax in Nova Scotia.
Accommodated Bednights (000s) – Sustained Enhance
Offer: Statistics Denmark – Topic Hovedstaden
Hotel Efficiency
Put up-pandemic restoration has been neatly-liked however unhurried for Copenhagen, with occupancy rising tremendously in 2022 however struggling to shut abet to historical ranges of around 78-Seventy nine% since. Nonetheless, performance figures for 2025 marked a essential milestone, with occupancy broadly returning to its pre-pandemic heights at around 77%. Meanwhile, moderate rate surpassed its 2019 ranges nominally, however finest-wanting decreases throughout the pandemic mixed with significantly high inflation has kept both moderate rate and RevPAR some 4-5% below 2019 in right terms. Despite these challenges, true RevPAR verbalize in 2025 and a true DKK:EUR change rate noticed Copenhagen file the finest amplify in resort values in our 2026 European Hotel Valuation Index“>2026 European Hotel Valuation Index at 5.9%. Continuing true build a query to and exiguous recent supply on the horizon counsel correct times ahead for town’s hotels.
Efficiency Index – Moderate Payment and RevPAR Bridging the Gap to Pre-Pandemic Levels
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Hotel Provide
The pipeline in Copenhagen stays notably constrained, partly explained by restrictions on recent supply within the market. In March 2026, Copenhagen presented a momentary planning ban that halted several proposed resort dispositions within town centre whereas recent guidelines contain been ready. The City Council then voted on 30 April 2026 to limit recent resort pattern across a lot of the historical core, with the wider measures due to the rob build as soon as the essential planning amendments are adopted. Centered on managing tourism verbalize and keeping residential makes employ of within town’s most visited areas, the momentary ban is anticipated to dwell in express except around March 2027, when longer-length of time restrictions are anticipated to be implemented.
Following this announcement, some hotels contain been exempt from the momentary ban. On the time of writing, 5 properties are gentle scheduled to enter the market between 2026 and 2028. Amongst them, the Ruby Copenhagen will impress the logo’s Danish debut with a 219-room property, whereas the finest openings near from established operators rising their presence within town, underscoring investor self assurance within the market. The 44-room Henrik’s Hotel – Hildebrandt Hammer opened first and essential of May well maybe presumably and marks the family-dash neighborhood’s fourth property within the market. In 2027, the Four Facets Flex by Sheraton tag will originate its fourth Copenhagen resort, whereas Bob W is determined to originate its 2d property within town, followed by a Third in 2028.
Hotel Pipeline
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Investment Market
With regards to transaction activity, Copenhagen had a actually subdued put up-pandemic length which noticed factual two hotels trade hands in 2021, two in 2022, four in 2023 and two in 2024. Nonetheless, a total of six transactions in 2025 (one single asset transaction and 5 as portion of portfolios) and a additional two to this level this yr contain build town firmly abet on the investment map. Severely, three of the hotels that transacted closing yr contain been portion of a 28-property, Scandinavia-large portfolio bought by CapMan from Midstar AB, as indicated within the Hotel Transactions table below.
Hotel Transactions
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¹Part of a portfolio transaction; ²Forward-sale, scheduled to originate in 2027
Outlook
Copenhagen began 2026 in a true location, buoyed by sturdy RevPAR verbalize and the finest amplify in resort values in 2025 (look our 2026 European Hotel Valuation Index for additional). And whereas an component of uncertainty is to be anticipated given the present geopolitical scenario impacting a lot of the globe, there is a lot to make certain about. Fundamental infrastructure projects akin to the attain of the Fehmarnbelt Tunnel mixed with a range of most neatly-liked routes from Copenhagen Airport will construct Denmark extra accessible than it’s ever been, whereas rising airport arrivals (closing month recorded the finest ever passenger numbers for an April) and a restricted pipeline are encouraging signs that town has the basics to endure these most neatly-liked challenges and continue thriving.
Worth Traits 2025 vs 2024
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