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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18.5.2016

New Scandic Hotel to open in Vaasa

Scandic Hotels, the largest hotel company in the Nordic countries, has signed a long-term lease agreement with Airaksinen Capital to take over the operation of the former Kantarellis hotel in central Vaasa from June 2016.

The hotel, which has 68 rooms today, will be expanded to include close to 140 hotel rooms at the same time as the hotel’s conference and congress facilities will be expanded. The expansion is expected to be finished at the end of 2017.

“Finland is an important growth market for Scandic and today, we are already the biggest hotel company in the Helsinki area. With Scandic Vaasa, we are further strengthening our network in the Finnish market”, says Frank Fiskers, President & CEO Scandic Hotels Group.

“Vaasa is the largest economic center in the Österbotten region and part of Finland’s fastest growing area. By opening Scandic Vaasa we will further contribute to the attractiveness of the destination”, says Aki Käyhkö, Head of Scandic Hotels Finland.

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14.4.2016

Nearly 76,000 conference tourists visited Finland in 2015

Nearly 76,000 conference tourists spent approx. EUR 124 million in Finland in 2015. Conference tourists are an important source of income for conference sites in Finland and everywhere in the world.

The competition for conference tourists is intense. Last year, the five most popular conference cities in Finland were Helsinki, Tampere, Turku, Espoo and Oulu.

Finland continued its run as an attractive conference country last year, hosting a total of 682 conferences (708 in 2014) and 75,846 delegates (79,000 in 2014). According to delegate numbers, the most popular conference cities were Helsinki, Tampere, Turku, Espoo and Oulu.

  • “Even though the number of hosted conferences decreased slightly from last year, the overall performance was good considering the global economic situation. We must continue our persistent efforts to attract conferences, because international events constitute a highly significant source of income for Finland. The many people attending the events use plenty of tourist services in different areas during their short visit,” says Mervi Toivonen of Visit Finland. Finland Convention Bureau, a part of the same organisation, is responsible for promoting the visibility of Finland as a conference country.

Nearly 76,000 conference tourists spent approx. EUR 124 million in Finland last year. The sum has increased by nearly 50% since the beginning of the decade; in 2010, conference tourists spent slightly over EUR 70 million in Finland. A conference tourist spends 4–5 times more during a visit than a regular tourist.

Helsinki by far the most attractive conference location

Helsinki attracts the most conferences and conference tourists per year. While Helsinki hosted slightly over 270 conferences with over 35,000 attendants, runner-up Tampere hosted 66 conferences with over 7,000 conference tourists.

  • “Helsinki is a relatively obvious choice as a conference site in Finland, because it is easy to reach internationally and provides many opportunities for international events. However, Tampere, Turku and Oulu, also in the top five, have managed to find their strengths and attract conferences with their novelty,” says Toivonen.

On an international level, Finland’s strong points are a good reputation and competence as a conference host as well as its novelty as an event destination. Compared with better known conference countries, Finland’s competitive edge in the race to attract conferences also includes cleanliness and an exotic quality.

  • “We invest in increasing awareness of Finland as a conference destination, particularly in the growing markets in Asia. The Asian market is viewed as a major opportunity for conference travel. In March, we hosted our first Meetings Industry market event in China. The event attracted plenty of interest and proved that Finland is an interesting destination for event organisers,” says Toivonen.

TOP 5 conference cities based on the number of conferences in 2015:

1st Helsinki 275
2nd Espoo 86
3rd Tampere 66
4th Turku 58
5th Jyväskylä 53

TOP 5 conference cities based on the number of delegates in 2015:

1st Helsinki 35,253
2nd Tampere 7,068
3rd Turku 6,011
4th Espoo 5,954
5th Oulu 4,289

 

 

 

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