The turnover in the Accommodation and Food Service Activities sector in Norway is projected to increase from 108.98 billion NOK in 2024 to 124.31 billion NOK in 2028. The year-on-year percentage variation over the last two years shows a steady growth, with an increase of 3.57% from 2025 to 2026 and 3.26% from 2026 to 2027. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is approximately 3.37%. In 2023, the turnover stood at 105.12 billion NOK, reflecting a consistent upward trend in the sector.

Future trends to watch for include:

Increased demand for sustainable and eco-friendly accommodation and dining options as consumer awareness grows.
The influence of technological advancements in enhancing customer experience and operational efficiency.
Potential fluctuations in global tourism patterns impacting Norway’s hospitality sector.
Shifts in domestic consumer behavior influenced by economic cycles and disposable income levels.