Travel & Tourism in Norway
Summary
Travel & Tourism in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Norwegian travel & tourism industry recorded revenues of $18 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.0% between 2018 and 2023.
- The foodservice segment accounted for the industry's largest proportion in 2023, with total revenues of $5.1 billion, equivalent to 28.4% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Norway reached $9.7 billion in 2023, reflecting a 5.1% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Norway
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Norway
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Norway travel & tourism market with five year forecasts by both value and volume
- What was the size of the Norway travel & tourism market by value in 2023?
- What will be the size of the Norway travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Norway travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Norway's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value 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 are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. McDonald's Corp
- 8.2. Booking Holdings Inc
- 8.3. Norwegian Air Shuttle ASA
- 8.4. Strawberry Equities AS
- 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 travel & tourism industry value: $ million, 2018-23
- Table 2: Norway travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Norway travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Norway travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Norway travel & tourism industry value forecast: $ million, 2023-28
- Table 6: McDonald's Corp: Key Facts
- Table 7: McDonald's Corp: Annual Financial Ratios
- Table 8: McDonald's Corp: Key Employees
- Table 9: McDonald's Corp: Key Employees Continued
- Table 10: Booking Holdings Inc: Key Facts
- Table 11: Booking Holdings Inc: Annual Financial Ratios
- Table 12: Booking Holdings Inc: Key Employees
- Table 13: Norwegian Air Shuttle ASA: Key Facts
- Table 14: Norwegian Air Shuttle ASA: Annual Financial Ratios
- Table 15: Norwegian Air Shuttle ASA: Key Employees
- Table 16: Strawberry Equities AS: Key Facts
- Table 17: Norway Size of Population (million), 2019-23
- Table 18: Norway Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Norway GDP (Current Prices, $ Billion), 2019-23
- Table 20: Norway Inflation, 2019-23
- Table 21: Norway Consumer Price Index (Absolute), 2019-23
- Table 22: Norway Exchange Rate, 2018-23
- List of Figures
- Figure 1: Norway travel & tourism industry value: $ million, 2018-23
- Figure 2: Norway travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Norway travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Norway travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Norway, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Norway, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Norway, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Norway, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Norway, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Norway, 2023
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