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.
Scope
- 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
Reasons to Buy
- 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?
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Table of Contents
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
