Pandox Ab Class B · OMXSTO:PNDX_B
Pandox Ab Class B — Investor Day (May 2017)
19 slides from Pandox Ab Class B's investor day presentation, May 9, 2017
Slide 1: Hotel market update
Hotel market update Jonas Törner, SVP Business Intelligence Pandox Capital Market Day May 9, 2017 This presentation may contain forward-looking statements. Such statements are based on our current expectations and are subject to risks and uncertainties that could negatively affect our business and r
Slide 2: Mega trends
Mega trends Bleisure Brand landscape consolidation Tech AirBnB service content Airlines Over- long-haul tourism LCC’s Chinese travel Hybrid 2nd wave hospitality
Slide 3: International tourism 2016
International tourism 2016 Strong appetite for international travel 300 +12% Sustained growth despite of security 250 and safety concerns Travel expenditure top 5 countries USDbn 7th consecutive year of growth following 200 the financial crisis in 2009 150 +8% International tourist arrivals +4 perce
Slide 4: International tourism 2016
International tourism 2016 Data source(s): UNWTO
Slide 5: International tourism past and future
International tourism past and future 2017 forecast: World 3-4 percent Europe 2-3 percent Americas 4 percent Data source(s): UNWTO
Slide 6: Market drivers
Market drivers Broad based firming of global growth – all major regions are growing Meeting segment – more attendees at trade fairs/conventions/meetings Corporate segment – grows with increased economic activity, high spenders Leisure segment – increased disposable income fuel leisure travel histori
Slide 7: Market update Montreal
Market update Montreal Strong economy, lower unemployment and major infrastructure projects ongoing US and international arrivals continue to rise Supply currently muted, new and renovated supply will open coming 24 months 14% 12MR RevPAR growth 12% 10% 8% 6% 4% 2% 0% +5.5% n-13 n-15 j-16 j-13 j-14
Slide 8: Market update Pandox Europe
Market update Pandox Europe March 2017 Hamburg +10% YTD Amsterdam +5% YTD Berlin +6% YTD Brussels +5% YTD Frankfurt +1% YTD Düsseldorf +27% YTD Cologne +22% YTD Vienna +3% YTD Munich +6% YTD Data source(s): STR
Slide 9: Market update Stockholm
Market update Stockholm Positive momentum Stockholm 16% 12MR RevPAR growth 14% 12MR ADR growth 12% 10% 8% 6% 4% 2% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 15 15 15 15 15 15 15 15 15 15 15 15 16 16 16 16 16 16 16 16 16 16 16 1
Slide 10: Market update Stockholm
Market update Stockholm Positive momentum Positive momentum in the market since summer 2015 driven by occupancy and ADR Trend is slowing growth mainly due to increased supply in the market (+4 percent 12MR) YTD March RevPAR +11 percent Supply expected to continue to grow: Bank Hotel, Elite Hagastade
Slide 11: Compression nights – Stockholm
Compression nights – Stockholm Compression nights 60 ADR growth % +5.0% Demand / Supply 50 +3.1% 40 -0.4% -1.0% Occupancy 30 50 20 43 26 27 ADR 10 0 2013 2014 2015 2016 In a market with dynamic pricing compression nights (occupancy > 90%) gives the operator possibility to push their prices. Strong c
Slide 12: Market update Oslo
Market update Oslo Stable performance Oslo 10% 12MR RevPAR growth 12MR ADR growth 8% 6% 4% 2% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 15 15 15 15 15 15 15 15 15 15 15 15 16 16 16 16 16 16 16 16 16 16 16 16 17 17 17 17 -2% Dat
Slide 13: Market update Oslo
Market update Oslo Stable performance Stable performance mainly driven by occupancy with weaker NOK YTD March RevPAR +15 percent • Available rooms down 4 percent (two major hotels closed for renovation), occupancy driver of growth • ADR remains flat despite occupancy increase Renovated supply expect
Slide 14: Market update Copenhagen
Market update Copenhagen Strong RevPAR development Copenhagen 18% 12MR RevPAR growth 12MR ADR growth 16% 14% 12% 10% 8% 6% 4% 2% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 15 15 15 15 15 15 15 15 15 15 15 15 16 16 16 16 16 16 16
Slide 15: Market update Copenhagen
Market update Copenhagen Strong RevPAR development Strong RevPAR development since late 2011 from relatively low absolute levels ADR currently main driver of growth YTD March RevPAR +14 percent 12MR occupancy at 80 percent gives rate growth Expected supply growth of around 1,000 rooms 2017-2018: Arp
Slide 16: Market update Helsinki
Market update Helsinki Positive development on the back of economic recovery Helsinki 10% 8% 12MR RevPAR growth 12MR ADR growth 6% 4% 2% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 15 15 15 15 15 15 15 15 15 15 15 15 16 16 16 16
Slide 17: Market update Helsinki
Market update Helsinki Positive development on the back of economic recovery Positive development since late 2015 now supported by higher economic activity A stronger Russian economy a positive for the Helsinki market ADR growth currently, RevPAR +5% YTD March Pressure on RevPAR expected at least sh
Slide 18: Conclusions
Conclusions Promising growth outlook Broad based global growth supporting increased demand over all segments The industry is experiencing evolving times -> opportunities Good start Q1 2017 Easter effect neutralised in Q2 2017
Slide 19: THANK YOU!
THANK YOU! (K) Pandox’