11.2.2014

CapMan invests in Kämp Group – the leading luxury and lifestyle hotel chain in Finland

Funds managed by CapMan have made an agreement to acquire a majority holding in Kämp Group, a Finnish hotel chain known for the distinguished Hotel Kämp, located in the Helsinki city centre, and the modern lifestyle hotel chain GLO Hotels. The objective of the transaction is to expand the group’s operations and further strengthen its position as the leading luxury and lifestyle hotel chain in Finland.
Hotel Kämp and GLO Hotels are market leaders in their own segments in Finland. Established in 1887, the internationally renowned Hotel Kämp is today a five-star luxury hotel with a unique market position in Finland, and an important landmark in the Helsinki city centre. GLO Hotels in turn is the only lifestyle hotel chain in the country, with four popular hotels located in the centre of Helsinki, at the Helsinki Airport and in the Sello shopping centre in Espoo. In addition to hotels, Kämp Group includes four restaurants and Kämp Spa. The Group employs around 400 people and its targeted turnover for 2014 is around EUR 45 million.
”The outlook for hotel business is excellent in the Helsinki metropolitan region, as both business and leisure travel are on the rise. We plan to increase the number of hotels and focus on international sales, high service standards and top quality. The current owner of the Kämp Group, Berling Capital Oy – co-owned by Esa Karppinen, his wife and three children – will remain an important minority owner of the Group. We are happy about the opportunity to further develop this legendary institution in Helsinki,” says Ari Tolppanen, Senior Partner at CapMan Buyout, responsible for the investment.
“We are very glad that this hotel group built with true appreciation for its history will gain more operational scale through this transaction. Great staff and our own strong hotel brands Kämp and GLO provide an excellent platform for successful operations in the future,” adds Esa Karppinen, Chairman of the Board at Berling Capital Oy.

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30.3.2015

Congress travel in Finland grows despite overall decline

Finland Convention Bureau (FCB), a part of Finpro, supports the organisation of international congresses in Finland. The past year was the best congress year in Finnish history, with growth in the field persisting for years.

The number of congresses held in Finland has grown, despite the economic decline, from 595 conventions in 2012 to the current 708. The previous year saw attendance figures of 79,000, which meant a tourism income of €130 million. The corresponding income for 2010 was €72 million.
The Helsinki region hosts over half of these international congresses – significant events are, however, held in all of the largest cities throughout the year.

TOP Five congress cities:
1.Helsinki, 2.Espoo, 3.Tampere, 4.Turku, 5.Jyväskylä
FCB’s Convention Director, Leena Sipilä is extremely happy with this growth.
“Our previous best year had been 2013, but last year exceeded even 2013’s figures, despite our fears that the economic decline would take its toll,” says Sipilä, clearly pleased. “We are more than happy.” Congress travel is a positive exception in Finland’s economic situation, especially compared to tourism in general, whose growth rate is declining. The massive decline in Russian tourists has been challenging to leisure travel companies, who are now trying to attract new growth in Europe and Asia. Congress travel agents have also realised the possibilities for growth in the Asian market.
“We are organising our first corporate event marketing show in China, because we believe there are new opportunities and customers to be found there,” says Sipilä.

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10.3.2015

Focus on Finland

Want to know more about knowledge and innovation driven Finland?

Focus on Finland site offers you lots of information about Finlands industry news.

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