The turnover for Accommodation and Food Services in Norway is forecasted to grow from €10.38 billion in 2024 to €11.24 billion by 2028. The sector displayed a consistent upward trend, characterized by year-on-year increases: 2.11% in 2025, 2.08% in 2026, 1.94% in 2027, and 1.90% in 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 1.95%. Compared to the turnover of €10.2 billion in 2023, the sector is showing steady growth.

Future trends to watch for include:

Technological advancements enhancing customer experiences and operational efficiencies.
Potential impacts on tourism and local dining preferences from global economic fluctuations.
Increasing focus on sustainability and environmentally-friendly practices within the industry.
Changes in consumer behavior driven by health and wellness trends, influencing accommodation and dining services.