Market report first half 2018

Date Icon
June 1, 2018

2017 ended strong for the Norwegian hotel industry, and growth continued into the first part of 2018. At the half year mark, occupancy rate is down 0,2 point due to an increase in capacity of 3,9 %, whereas sold rooms only increased by 3,4 %. The room rate is up 1,0 %, ending at NOK 957. This was enough to make up for the decrease in occupancy, consequently RevPAR ended at NOK 506, up 0,6 %.