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A good year for the hotel industry
statistikk
2007-05-15T10:00:00.000Z
Transport and tourism
en
sthotell, Accommodation and food service activities, structural business statistics, hotels, restaurants, cafes, catering, canteens, youth hostels, camping sites, bars, turnover, employees, operationnal accounts, investments, wage costs, enterprises, establishmentsTourism , Transport and tourism
false

Accommodation and food service activities, structural business statistics2005, final figures

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A good year for the hotel industry

In 2005, the Norwegian hotel and restaurant industry had a total operating income of almost NOK 45 billion. This is up 4 per cent from 2004, and there was a significant increase within the hotel industry.

Operating margins. 2003-2005. Local KAUs.

Hotels and restaurants, 2005. Turnover, selected municipalities. NOK billions. Local KAUs.

Operating profit within the hotel and restaurant industry was NOK 2.2 billion, which gives a 4.9 per cent operating margin. In 2004, the operating margin was 3.7 per cent.

Economic growth for the hotels

For the hotels, 2005 was a better year than the previous. Total operating income increased by NOK 600 million, which makes for a 4.3 per cent growth from 2004. The industry’s profitability has increased significantly over the past three years. In 2005 the operating margin 1) was 2.4 per cent, while in 2004 and 2003 it was 1.1 and 1.7 per cent respectively. Value added increased 4.1 per cent from 2004 to to NOK 6.5 billion in 2005.  

 Restaurant industry stable

Restaurants constitute the largest industry sub class in the hotel- and restaurants industry. In 2005 there were over 6,200 restaurants in Norway with a turnover of NOK 20.6 billion. Operating income increased with NOK 438 million from 2004, which is a 2.2 per cent growth. Operating margins in the hotel industry remains stable with 4.6, 4.8, and 4.7 per cent in 2005, 2004, and 2003 respectively.

Regional figures

This is the first time figures for county and selected municipalities, at three numeric character NACE level are published for this industry. The figures show that 40 per cent of restaurant turnover is from Norway's three largest cities. 1,153 restaurants in Oslo had an operating income of NOK 5.4 billion in 2005. Operating profit margin was at 2.9 per cent, which is the lowest among the selected municipalities. Kristiansand had the highest margin at 5.5 per cent. Oslo's hotel industry also had the lowest operating margin among selected municipalities with 1.3 per cent against Bergen's 5.8 per cent.

Local KAUs and enterprises

Figures on the enterprise level will usually deviate from figures on the local KAU level. This is due to the fact that the enterprises are registered in the industry subclass that comprises the main part of the activity of the enterprise, and therefore may be registered in a different industry than some of the local KAUs.

1) Operating margin = (Operating revenues - Operating costs)/Operating revenues.

Tables (New tables 5-15 were published 18 September 2008)