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Hotels and Motels in Norway - Market Summary, Competitive Analysis and Forecast to 2025

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    Report

  • 41 Pages
  • October 2021
  • Region: Norway
  • MarketLine
  • ID: 5516598
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Hotels & Motels in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). 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 and motels industry had total revenues of $1.7bn in 2020, representing a compound annual rate of change (CARC) of -13.4% between 2016 and 2020.
  • The number of establishments declined with a CARC of -5.8% between 2016 and 2020, to reach a total of 877.0 in 2020.
  • Growing tourism volumes in Norway have facilitated growth over the past decade. Overnight stays in 2019 increased for the sixth successive year, hitting a new record of 35.2 million guest nights.

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 2020?
  • What will be the size of the Norway hotels & motels market in 2025?
  • 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?
Frequently Asked Questions about the Norwegian Hotels and Motels Market

What is the estimated value of the Norwegian Hotels and Motels Market?

The Norwegian Hotels and Motels Market was estimated to be valued at $1.67 Billion in 2020.

What is the growth rate of the Norwegian Hotels and Motels Market?

The growth rate of the Norwegian Hotels and Motels Market is 15.9%, with an estimated value of $3.5 Billion by 2025.

What is the forecasted size of the Norwegian Hotels and Motels Market?

The Norwegian Hotels and Motels Market is estimated to be worth $3.5 Billion by 2025.

Who are the key companies in the Norwegian Hotels and Motels Market?

Key companies in the Norwegian Hotels and Motels Market include Scandic Hotels Group AB, Nordic Choice Hotels AS and Radisson Hotel Group.

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. How has the COVID-19 pandemic impacted leading players?
7.4. Are there any threats to the leading players?
8 Company Profiles
8.1. Scandic Hotels Group AB
8.2. Nordic Choice Hotels AS
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 Research
10.4. About the Author
List of Tables
Table 1: Norway hotels & motels industry value: $ million, 2016-20
Table 2: Norway hotels & motels industry volume: number of establishments, 2016-20
Table 3: Norway hotels & motels industry category segmentation: $ million, 2020
Table 4: Norway hotels & motels industry geography segmentation: $ million, 2020
Table 5: Norway hotels & motels industry value forecast: $ million, 2020-25
Table 6: Norway hotels & motels industry volume forecast: number of establishments, 2020-25
Table 7: Scandic Hotels Group AB: key facts
Table 8: Scandic Hotels Group AB: Annual Financial Ratios
Table 9: Scandic Hotels Group AB: Key Employees
Table 10: Nordic Choice Hotels AS: key facts
Table 11: Nordic Choice Hotels AS: Key Employees
Table 12: Thon Hotels: key facts
Table 13: Thon Hotels: Key Employees
Table 14: Radisson Hotel Group: key facts
Table 15: Radisson Hotel Group: Key Employees
Table 16: Radisson Hotel Group: Key Employees Continued
Table 17: Norway size of population (million), 2016-20
Table 18: Norway gdp (constant 2005 prices, $ billion), 2016-20
Table 19: Norway gdp (current prices, $ billion), 2016-20
Table 20: Norway inflation, 2016-20
Table 21: Norway consumer price index (absolute), 2016-20
Table 22: Norway exchange rate, 2016-20
List of Figures
Figure 1: Norway hotels & motels industry value: $ million, 2016-20
Figure 2: Norway hotels & motels industry volume: number of establishments, 2016-20
Figure 3: Norway hotels & motels industry category segmentation: % share, by value, 2020
Figure 4: Norway hotels & motels industry geography segmentation: % share, by value, 2020
Figure 5: Norway hotels & motels industry value forecast: $ million, 2020-25
Figure 6: Norway hotels & motels industry volume forecast: number of establishments, 2020-25
Figure 7: Forces driving competition in the hotels & motels industry in Norway, 2020
Figure 8: Drivers of buyer power in the hotels & motels industry in Norway, 2020
Figure 9: Drivers of supplier power in the hotels & motels industry in Norway, 2020
Figure 10: Factors influencing the likelihood of new entrants in the hotels & motels industry in Norway, 2020
Figure 11: Factors influencing the threat of substitutes in the hotels & motels industry in Norway, 2020
Figure 12: Drivers of degree of rivalry in the hotels & motels industry in Norway, 2020

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Scandic Hotels Group AB
  • Nordic Choice Hotels AS
  • Thon Hotels
  • Radisson Hotel Group