Market report full year 2019
December 31, 2019
A strong year for the Norwegian Hotel Industry, with growth in most segments. The room revenue increased by more than NOK 1b for the first time, exceeding a total of NOK 16.3b.The occupancy rate increased with 0.5 points compared to 2018, making up for the decrease from 2017 to 2018. The room rate was up 2.5 % to NOK 984 in 2019. RevPAR increased by 3.4 %, ending at NOK 549 in 2019.