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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3.8.2015

Finland Fact Book

Invest in Finland has published the latest version of the Finland Fact Book.

Invest in Finland has published Finland Fact Book which introduces Finlands businesses and investment possibilities. Interesting facts about the economy, business environment and innovations in Finland.

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15.6.2015

International conferences bring income to Finland- last year the conferences generated 130 million euros in tourism income

Finland is highly attractive conference destination. During their stay in Finland, international conference delegates spend four times more than average tourists. In addition to generating income, conferences also boost innovation and investments in the long term.

 

Finland is a highly attractive conference destination. During their stay in Finland, international conference visitors spend four times more than average tourists. In addition to generating income, conferences also boost innovation and investments in the long term.

International conferences are a major source of income for Finland. Last year, they generated about 130 million euros in tourism income. This sum has been growing steadily throughout the 2010s. In 2010, conferences generated a total of 72 million euros and in 2013 already 117 million euros.

A typical conference delegate stays in Finland for an average of five days and spends about 1,635 euros (including accommodation) during the visit. The figures are taken from surveys conducted in collaboration with Taloustutkimus.

–        The time and money spent in this country are the two factors that make conference delegates so interesting for Finland. A five-day visit is between two and three days longer than a visit by an average tourist. Moreover, conference delegates spend between four and five times more money during their stay than ordinary tourists. According to Leena Sipilä, Convention Director at Finland Convention Bureau, these are substantial sums for which there is intense competition among world countries.

Finland remains a highly attractive conference destination. Finland was ranked 19th in the annual statistics of the Union of International Associations (UIA). Helsinki moved up two places and was listed 18th in the city rankings. A total of 181 countries and 1,465 cities are included in the list.

High degree of expertise an important attractiveness factor

Last year Finland hosted a total of 708 conferences, which had almost 80,000 participants. This is twice as many as ten years ago and the last three years have been record-breaking. In addition to safety, effectiveness and a fascinating location, Finland can also rely on a number of areas of excellence as a conference destination.

  • Finland is a strong player in many sectors of science. We have 21 universities and other higher education institutions, we have an innovative IT cluster and we are pioneers in corporate responsibility. The presence of scientific communities is extremely important when international conferences are seeking a host country, Leena Sipilä explains.

 

Most of the conferences held in Finland deal with the following categories: medical and health technology, IT sector, natural sciences and mathematics, and business, industries and communications in general.

 

  • It should also be remembered that in addition to generating direct income, all conferences also provide the host country with more intangible benefits. Most of the people attending international conferences are top experts in the fields in question and it is extremely important to show them the level of expertise and excellence that Finland possesses. In the long run, they help Finland to attract innovations, investments and trade. Besides, conferences also help Finland to build its image. All this means that we should give conferences a high priority, concludes Sipilä.

 

 

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