That is correct although I've seen some studies that show the prices of in-hotel SPs rose after the new law is now up to about 300Eur./hr., while street walkers prices fell.in Sweden when the Nordic model was introduced demand dropped but mostly the drop in demand was for street level workers.
http://blogs.lse.ac.uk/europpblog/2014/01/03/the-nordic-model-of-prostitution-law-is-a-myth/
Demand for indoor escorts was not affected very much.