This is the 13902nd most frequent Swedish word.
ölands
"Ölands" is the possessive form of "Öland," meaning "of Öland," referring to the Swedish island.
In this sentence, 'Ölands' is used as a possessive form indicating the beaches belong to the island of Öland.
Jag har besökt Ölands stränder.
I have visited Öland's beaches.
Here, 'Ölands' describes the climate specific to the location of Öland.
Ölands klimat är mycket milt.
Öland's climate is very mild.
In this example, 'Ölands' pertains to the geographical extent of Öland where the festival takes place.