Market report first half 2024

Inflation, a weak krone, and almost no increase in hotel capacity over the past 4-5 years contribute to rising hotel prices, attracting more guests and increasing overall RevPAR. The major winners this year compared to 2023 are Tromsø and Bodø, with an increase in accommodation revenue of 9.8% measured against the first half of 2023. This recent growth is higher (in nominal kroner) than the entire period from 2015 to 2019.

We will examine the various factors that may influence the hotel market over the next 12-18 months and share our thoughts on the industry's outlook moving forward.

Additionally, we reflect on significant transactions and events during the period. We hope you find the report interesting.

Please feel free to contact us for further information or comments.

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