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Increased profitability for hotels and restaurants
statistikk
2008-05-15T10:00:00.000Z
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 statistics2006, final figures

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Increased profitability for hotels and restaurants

In 2006, the Norwegian hotel and restaurant industries had a total operating income of NOK 49 billion, which is an increase of 9 per cent from 2005. The operating profit was almost NOK 2.8 billion, which gives a 5.7 per cent operating margin. The number of employees also increased.

Hotels and restaurants, 2006. Operating margins, selected municipalities. Per cent. Local KAUs

Operating margins. 2004-2006. Local KAUs

After years of low profit, hotels experienced a better year in 2005. This growth continued in 2006, and the industry’s total operating income increased by NOK 1.4 billion, a 9 per cent growth from 2005. The industry’s profitability also increased. In 2006 the total operating profit was NOK 600 million, which gives a 3.7 per cent operating margin. In comparison, the operating margin was 2.4 per cent in 2005. Furthermore, employment increased by 1.3 per cent from 2005, while the value-added increased by a substantial 12.2 per cent.

Increased profitability for restaurants

Restaurants make up the largest industry sub class in the hotel and restaurant industry. The operating income increased by NOK 1.5 billion from 2005, which is a 7.2 per cent growth. Profitability in the restaurant industry experienced an upswing in 2006. The operating margin, after varying between 4.6 and 4.8 per cent over the last three years, increased to 5.5 per cent in 2006. Finally, the number of employees grew by 1.2 per cent from 2005, while the value-added increased by almost 10 per cent.

40 per cent of turnover occurred in large cities

Hotels and restaurants in Norway’s six largest cities 1 sold for almost NOK 20 billion in 2006. These companies thus accounted for over 40 per cent of the total turnover in these industries. However, there was little difference in operating margins between companies in the large cities and the rest of the country, which amounted to 5.7 per cent in both cases. Among the large cities, profitability was highest in Stavanger, where 264 companies obtained a total operating margin of 7.8 per cent. Turnover in the capital Oslo came to NOK 10.5 billion, with an operating margin of 5.4 per cent.

Local KAUs and enterprises

Figures for enterprises will usually deviate from figures for local kind-of-activity-units (KAU). The reason for this deviation is that 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.

 

Revision of industries

In 2007, the enterprises in Statistic Norway’s Central Register of Establishments and Enterprises have been coded in accordance with the new Standard Industrial Classification (SN2007). This has revealed some incorrectly classified enterprises and local KAUs. In such cases, the code according to the current standard (SN2002) has been revised. Ordered by descending turnover, the following sub classes are affected by this revision:

 

- 55.210 - Youth hostels and mountain refuges

- 55.220 - Camping sites, including caravan sites

- 55.230 - Other provision of lodgings n.e.c.

 

The majority of the reclassifications have occurred within the hotel and restaurant industries; therefore the number for these industries are comparable to previous years.

 

For more information about this and other definitions, see “About the statistics”.

1 Oslo, Bergen, Trondheim, Stavanger, Kristiansand and Tromsø

Tables (New tables were published 4 May 2009)