Hotels & Motels in Norway
- Pages: 41
- Published: February 2020
- Report Code: OHMF9135
Hotels & Motels in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). 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 $3.4bn in 2018, representing a compound annual rate of change (CARC) of -2.3% between 2014 and 2018.
– The number of establishments declined with a CARC of -2.6% between 2014 and 2018, to reach a total of 1,031.0 in 2018.
– In the Norwegian hotels and motels industry, both demand and occupancy rates increased at the expense of the declining average price of accommodation. Excessive supply growth until 2013 was the main reason for this trend.
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 by both value and volume
Reasons to buy
- What was the size of the Norway hotels & motels market by value in 2018?
- What will be the size of the Norway hotels & motels market in 2023?
- 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?
Companies mentioned
Scandic Hotels AB
Nordic Choice Hotels AS
Thon Hotels
Radisson Hotel Group
Table of Contents
List of Tables
List of Figures
Pricing
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