This is the 627th most frequent Danish word.
årets
"Årets" means "of the year" in English.
In this sentence, 'årets' functions as a possessive adjective describing an annual event, translated as 'this year's'.
Årets begivenhed var en stor succes.
This year's event was a great success.
Here, 'årets' specifies to which year the award pertains, indicating time-related possession.
Hun modtog årets pris for bedste kunstner.
She received this year's award for best artist.
'Årets' here characterizes the specific vacation occurring this year, showing the possessive relationship to the year.