In 2023, household expenditure on accommodation services in Norway stood at 1.84 billion Euros. From 2024 to 2028, the forecast data indicates a steady increase in expenditure, growing from 1.89 billion Euros to 2.09 billion Euros by 2028. This represents a year-on-year growth of around 2.65% between 2024 and 2025, 2.58% between 2025 and 2026, 2.51% between 2026 and 2027, and 2.45% between 2027 and 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 2.54%.
Future trends to watch for include potential impacts of macroeconomic conditions such as inflation or changes in disposable income, shifts in tourism patterns, and advancements in hospitality technology. Additionally, sustainability practices and eco-friendly accommodations could also influence expenditure trends in this sector.
