Market report full year 2018
Another positive year for the Norwegian Hotel Industry, where growth continued in the second half of 2018. For the full year, occupancy rate is down 0,6 points due to an increase in capacity of 2,8 %, whereas sold rooms only increased by 1,8 %. The room rate is up 1,5 %, ending at NOK 960. This was enough to make up for the decrease in occupancy, consequently RevPAR ended at NOK 531, up 0,4 %.