Key Market Indicators
Norwegian hotel occupancy levels fell to 25.4% in December 2021, down from 52.2% in November 2021. This is a significant drop compared to the same month a year ago. The number of available hotel bedrooms in Norway is projected to reach 88,200 by 2026, up from 83,340 in 2021. This works out to an average annual growth rate of 0.4%. Since 1995, the supply of hotel rooms in the country has decreased by 1% per year. In 2021, Norway ranked 16th in terms of hotel bedroom availability, with Bulgaria coming in ahead with 83,340. The United Kingdom, Germany and Spain were ranked second, third and fourth, respectively.
Norway Hotel Market Data and Forecasts
How much will Norway Hotel Market grow?
More in Hotel Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Beauty and Personal Care: Navigating the Impacts and Growth of Coty Inc
Coty Inc., a prestigious beauty company, holds a notable position in the global beauty and personal care market. With a dynamic portfolio encompassing color cosmetics, hair color, fragrances, and skin & body care, Coty caters to a diverse market segment. Despite facing sizeable challenges such as fluctuating market trends and...
Discover more insights -
Hotel Industry: Unpacking Analytical Approaches to Financial Metrics and Benchmarking Strategies
Understanding and interpreting financial metrics is crucial for success in the hospitality sector. These metrics, which include revenue per available room (RevPAR), gross operating profit per available room (GOPPAR), and average daily rate (ADR), can provide valuable insights into a hotel’s operational efficiency, cost structure, and price positioning in the...
Discover more insights -
Accommodation & Food Services: Unveiling Pandemic Influences and Recession Risks
COVID-19, a global pandemic of unprecedented scale, impelled governmental authorities to impose immediate shutdowns, travel restrictions, and social-distancing mandates. These measures severely curtailed the operations within the Accommodation & Food Services sector. Fractured supply chains, coupled with dwindling consumer spending, dented revenues and left many enterprises grappling with existential threats.
Discover more insights -
Hotel & Restaurant Equipment: Exploring Markets, Growth Opportunities, and Future Outlook
The provision of equipment tailored for the hospitality industry, particularly for hotels and restaurants, is taking a prominent role in the commerce landscape. This sector is currently benefiting from the rapid digitization and growing demand for smart appliances, ensuring efficiency and sustainability. Technology integration, such as IoT enabled devices, is...
Discover more insights -
Hotels and Restaurants: Revealing Global Trends and Impacting Factors
Shaping the future of the hospitality sector is a convergence of innovative elements integral in the rapid development of hotels and eateries. Technological advancements have ushered in digital evolution, leading to the rise of online booking channels, AI-driven services, and cashless transactions. Sustainability is another key trend incorporating eco-friendly practices,...
Discover more insights