Boston, MA -- (SBWIRE) -- 08/13/2014 -- Hotels in Norway continued to see stable growth in current value sales with 2% in 2013. This growth was slightly higher than in 2012. The main reason for this is that there was an increase in tourists from most key markets. Average daily rates in Norwegian hotels have remained competitive, due to improved efficiency within better management practices. However, price levels of Norwegian hotels remain a challenge although a weakening of the Norwegian krone has improved the situation somewhat. Many countries with which small hotels players in Norway compete offer much lower prices. For example, Eastern Europe including Russia continues to be quite open to tourism.

Industry Prospects

Hotels in Norway are projected to register a CAGR of 1% at constant 2013 prices during the forecast period reaching NOK11.6 billion in 2018. The CAGR projected for hotels is higher than the CAGR decline seen during the review period mainly because hotel brands such as Choice Hotels and Thon Hotels are increasing their value shares due to expansion of their outlets, updating of their venues and strong promotional campaigns.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Norway with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Norway, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Norway market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Travel Accommodation in Norway?
- What are the major brands in Norway?
- What is the rate of development for chained hotels vs independent hotels?
- How are luxury hotels performing compared to mid-priced and budget hotels?
- Is there an increase in hostels and campsites?

Reasons to Get this Report

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Travel Accommodation by Category, Travel Accommodation by Channel.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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