Norway Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2027
Summary
Hotels & Motels in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Norwegian hotels & motels industry had total revenues of $4.0 billion in 2022, representing a compound annual growth rate (CAGR) of 4.2% between 2017 and 2022.
- Industry consumption volume increased with a CAGR of 0.8% between 2017 and 2022, to reach a total of 1,109 establishments in 2022.
- The average occupancy rate in Norway came close to the pre-pandemic level of 60% in 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Norway
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Norway
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Norway hotels & motels market with five year forecasts
- What was the size of the Norway hotels & motels market by value in 2022?
- What will be the size of the Norway hotels & motels market in 2027?
- What factors are affecting the strength of competition in the Norway hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up Norway's hotels & motels market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 7.4. What were the most recent market developments?
- 8 Company Profiles
- 8.1. Nordic Choice Hotels
- 8.2. Scandic Hotels Group AB
- 8.3. Thon Hotels
- 8.4. Radisson Hotel Group
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Norway hotels & motels industry value: $ million, 2017–22
- Table 2: Norway hotels & motels industry volume: Number of Establishments, 2017–22
- Table 3: Norway hotels & motels industry category segmentation: % share, by value, 2017–2022
- Table 4: Norway hotels & motels industry category segmentation: $ million, 2017-2022
- Table 5: Norway hotels & motels industry geography segmentation: $ million, 2022
- Table 6: Norway hotels & motels industry value forecast: $ million, 2022–27
- Table 7: Norway hotels & motels industry volume forecast: Number of Establishments, 2022–27
- Table 8: Nordic Choice Hotels: key facts
- Table 9: Nordic Choice Hotels: Key Employees
- Table 10: Scandic Hotels Group AB: key facts
- Table 11: Scandic Hotels Group AB: Annual Financial Ratios
- Table 12: Scandic Hotels Group AB: Key Employees
- Table 13: Thon Hotels: key facts
- Table 14: Thon Hotels: Key Employees
- Table 15: Radisson Hotel Group: key facts
- Table 16: Radisson Hotel Group: Key Employees
- Table 17: Radisson Hotel Group: Key Employees Continued
- Table 18: Norway size of population (million), 2018–22
- Table 19: Norway gdp (constant 2005 prices, $ billion), 2018–22
- Table 20: Norway gdp (current prices, $ billion), 2018–22
- Table 21: Norway inflation, 2018–22
- Table 22: Norway consumer price index (absolute), 2018–22
- Table 23: Norway exchange rate, 2018–22
- List of Figures
- Figure 1: Norway hotels & motels industry value: $ million, 2017–22
- Figure 2: Norway hotels & motels industry volume: Number of Establishments, 2017–22
- Figure 3: Norway hotels & motels industry category segmentation: $ million, 2017-2022
- Figure 4: Norway hotels & motels industry geography segmentation: % share, by value, 2022
- Figure 5: Norway hotels & motels industry value forecast: $ million, 2022–27
- Figure 6: Norway hotels & motels industry volume forecast: Number of Establishments, 2022–27
- Figure 7: Forces driving competition in the hotels & motels industry in Norway, 2022
- Figure 8: Drivers of buyer power in the hotels & motels industry in Norway, 2022
- Figure 9: Drivers of supplier power in the hotels & motels industry in Norway, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Norway, 2022
- Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Norway, 2022
- Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Norway, 2022
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