The turnover of hotels in Norway is forecasted to rise progressively from 3.27 billion Euros in 2024 to 3.48 billion Euros by 2028. Comparatively, in 2023, the hotel turnover was recorded at 3.22 billion Euros. This indicates a consistent year-on-year increase, evident from the percentage variations: 1.55% from 2023 to 2024, 1.53% from 2024 to 2025, and 1.51% from 2025 to 2026. Over the period from 2023 to 2028, the compound annual growth rate (CAGR) stands at approximately 1.59%.
Future trends to watch for include evolving consumer preferences towards sustainable and eco-friendly accommodations, the increasing relevance of digital transformation in the hospitality sector, and the potential impact of geopolitical factors on international travel and tourism.
