In 2023, the internal tourism consumption of accommodation services for visitors in Norway stood at an actual value of 22.05 billion Norwegian Krones. As we move into 2024, the forecasted values show a consistent year-on-year increase. By 2024, the consumption is expected to be 22.61 billion Norwegian Krones. This upward trend is projected to continue steadily with values reaching 23.18 billion in 2025, 23.74 billion in 2026, 24.29 billion in 2027, and 24.83 billion in 2028. Over the last two years (2023-2025), the annual average growth rate (CAGR) has been about 1.98%, showing a reliable upward trend driven by various socio-economic factors.
Future trends to watch for:
- Technological advancements in booking and accommodation services that could influence consumer preferences and spending patterns.
- Environmental sustainability practices integrated by the hospitality sector to attract more eco-conscious travelers.
- Economic factors such as inflation and exchange rates impacting the overall consumption and pricing dynamics.
- Post-pandemic travel trends and increased interest in domestic tourism due to international travel restrictions or preferences.
