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Sector

Overnatting og servering

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1,977 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology

Ranking · 2023 · Morning class Large

Morning class Large · 2023
#CompanyProfileScoreChangeFive years
1 Peppes Pizza AS Leader 78 –
2 Ess Support Services AS Steward 70 –
3 Compass Group Norge AS Steward 67 –
4 Scandic Hotels AS Leader 67 –
5 Hotelldrift CL the Hub AS Leader 66 –
6 Thon Holding AS Steward 54 –
7 Zero Five AS Leader 52 –
8 4Service Landanlegg AS Sprinter 50 –
9 Cares Workplace Services AS Builder 49 –
10 Strawberry Services AS Sprinter 48 –
11 Select Service Partner AS Sprinter 28 –
12 Radisson Hotels Norway AS Builder 28 –
13 Olivia AS Builder 26 –
14 Espresso House Norge AS Builder 22 –
Download as CSV (opens in Excel)

The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode

Biggest moves · Morning class Large

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2023 · Morning class Large

The five largest companies account for 70% of the sector's revenue. Combined profit before tax for the 14 ranked companies: 1,149 MNOK.

Highest revenue

  1. Scandic Hotels AS 6,018 MNOK
  2. Radisson Hotels Norway AS 2,248 MNOK
  3. Select Service Partner AS 1,972 MNOK
  4. Compass Group Norge AS 1,864 MNOK
  5. Zero Five AS 906 MNOK

Operating revenue.

Highest operating margin

  1. 4Service Landanlegg AS 14.8%
  2. Hotelldrift CL the Hub AS 12.1%
  3. Strawberry Services AS 10.1%
  4. Peppes Pizza AS 8.0%
  5. Scandic Hotels AS 6.6%

Operating result divided by operating revenue.

Largest profit

  1. Scandic Hotels AS 438 MNOK
  2. 4Service Landanlegg AS 125 MNOK
  3. Compass Group Norge AS 105 MNOK
  4. Thon Holding AS 76 MNOK
  5. Select Service Partner AS 74 MNOK

Profit before tax.

Largest loss

No company meets the requirement this year.

Profit before tax, the largest negative.

Most solid

  1. Ess Support Services AS 70.0%
  2. Scandic Hotels AS 60.5%
  3. Peppes Pizza AS 43.3%
  4. Compass Group Norge AS 39.0%
  5. Hotelldrift CL the Hub AS 35.3%

Equity ratio: equity divided by total assets.

Fastest growth

No company meets the requirement this year.

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

No company meets the requirement this year.

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

Most employees

  1. Scandic Hotels AS 5,425
  2. Compass Group Norge AS 4,338
  3. Select Service Partner AS 2,269
  4. Radisson Hotels Norway AS 1,504
  5. Zero Five AS 1,269

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Strawberry Services AS 1.8 MNOK
  2. Thon Holding AS 1.5 MNOK
  3. Radisson Hotels Norway AS 1.5 MNOK
  4. 4Service Landanlegg AS 1.4 MNOK
  5. Hotelldrift CL the Hub AS 1.3 MNOK

Only companies with at least 5 employees.

The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Quadrant analysis

Positions in the sector · 2023 · Morning class Large

Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.

Scandic Hotels AS: 73 / 92Radisson Hotels Norway AS: 15 / 23Select Service Partner AS: 54 / 8Compass Group Norge AS: 46 / 77Zero Five AS: 58 / 624Service Landanlegg AS: 100 / 0Cares Workplace Services AS: 38 / 46Olivia AS: 4 / 38Ess Support Services AS: 15 / 100Thon Holding AS: 23 / 54Hotelldrift CL the Hub AS: 92 / 69Strawberry Services AS: 85 / 15Peppes Pizza AS: 69 / 85Espresso House Norge AS: 27 / 3100252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Scandic Hotels AS: 73 / 92Radisson Hotels Norway AS: 15 / 23Select Service Partner AS: 54 / 8Compass Group Norge AS: 46 / 77Zero Five AS: 58 / 624Service Landanlegg AS: 100 / 0Cares Workplace Services AS: 38 / 46Olivia AS: 4 / 38Ess Support Services AS: 15 / 100Thon Holding AS: 23 / 54Hotelldrift CL the Hub AS: 92 / 69Strawberry Services AS: 85 / 15Peppes Pizza AS: 69 / 85Espresso House Norge AS: 27 / 3100252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

Bubble size shows relative revenue, not exact figures.

  • Lion · LeaderHigh profitability, high solidity
  • Cheetah · SprinterHigh profitability, lower solidity
  • Elephant · StewardLower profitability, high solidity
  • Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
CompanyProfileProfitabilitySolidityIn 2022 (profitability / solidity)
4Service Landanlegg ASCheetah1000–
Hotelldrift CL the Hub ASLion9269–
Strawberry Services ASCheetah8515–
Scandic Hotels ASLion7392–
Peppes Pizza ASLion6985–
Zero Five ASLion5862–
Select Service Partner ASCheetah548–
Compass Group Norge ASElephant4677–
Cares Workplace Services ASBeaver3846–
Espresso House Norge ASBeaver2731–
Thon Holding ASElephant2354–
Ess Support Services ASElephant15100–
Radisson Hotels Norway ASBeaver1523–
Olivia ASBeaver438–
The sector in numbers

Summary · fiscal year 2023 · Morning class Large

The sector's median operating margin is 3.7%. 0 of 14 companies have negative equity. The median equity ratio is 27.6%.

Companies with accounts14
Total revenue18,687 MNOK
Median operating margin3.7%
Median equity ratio27.6%
Share with a loss0%
Share with negative equity0%

All figures are for fiscal year 2023. Ranked: 14 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • Growth is not included in the index: it needs the previous year's accounts.

Climbers and fallers · Morning class Large

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Awards · 2023 · Morning class Large

Most profitable4Service Landanlegg AS14.8%
Strongest balance sheetEss Support Services AS70.0%
Largest revenueScandic Hotels AS6,018 MNOK
Highest revenue per employeeStrawberry Services AS1.8 MNOK

Needs attention · 2023 · Morning class Large

5 companies show at least one warning sign. Showing the 5 most important.

Sector map · 2023 · Morning class Large

Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.

−5%0%5%10%0%10%20%30%40%50%60%Operating margin (profitability) →Equity ratio (solidity) →Scandic Hotels AS: operating margin 6.6%, equity ratio 60.5%, rank 4Radisson Hotels Norway AS: operating margin 2.5%, equity ratio 19.1%, rank 12Select Service Partner AS: operating margin 4.1%, equity ratio 12.1%, rank 11Compass Group Norge AS: operating margin 5.4%, equity ratio 39.0%, rank 3Zero Five AS: operating margin 3.3%, equity ratio 34.2%, rank 74Service Landanlegg AS: operating margin 14.8%, equity ratio 10.2%, rank 8Cares Workplace Services AS: operating margin 3.3%, equity ratio 24.6%, rank 9Olivia AS: operating margin −0.9%, equity ratio 24.2%, rank 13Ess Support Services AS: operating margin 2.5%, equity ratio 70.0%, rank 2Thon Holding AS: operating margin −8.0%, equity ratio 30.7%, rank 6Hotelldrift CL the Hub AS: operating margin 12.1%, equity ratio 35.3%, rank 5Strawberry Services AS: operating margin 10.1%, equity ratio 12.6%, rank 10Peppes Pizza AS: operating margin 8.0%, equity ratio 43.3%, rank 1Espresso House Norge AS: operating margin 3.0%, equity ratio 23.6%, rank 14
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Peppes Pizza AS8.0%43.3%522 MNOK
Ess Support Services AS2.5%70.0%643 MNOK
Compass Group Norge AS5.4%39.0%1,864 MNOK
Scandic Hotels AS6.6%60.5%6,018 MNOK
Hotelldrift CL the Hub AS12.1%35.3%580 MNOK
Thon Holding AS−8.0%30.7%636 MNOK
Zero Five AS3.3%34.2%906 MNOK
4Service Landanlegg AS14.8%10.2%823 MNOK
Cares Workplace Services AS3.3%24.6%716 MNOK
Strawberry Services AS10.1%12.6%553 MNOK
Select Service Partner AS4.1%12.1%1,972 MNOK
Radisson Hotels Norway AS2.5%19.1%2,248 MNOK
Olivia AS−0.9%24.2%697 MNOK
Espresso House Norge AS3.0%23.6%510 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of 2.2%.

Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2017––
2019––
2020––
2021––
2022 · weakest year2.2%12.7%
20232.8%19.4%
20243.3%18.8%
20253.8%21.3%
202611.3%34.6%

In 2022, 18 ranked companies did better than the sector, 4 about the same and 22 weaker.

Held up best in 2022

  1. 1Mattis Mat ASequity ratio 80.2%40.8%
  2. 2Sandvika Sushi ASequity ratio 61.5%34.0%
  3. 3Asian Wok ASequity ratio 70.4%30.5%
  4. 4GREEK & Grill ASequity ratio 11.9%27.4%
  5. 5Vågå Hotel ASequity ratio 22.9%21.4%
  6. 6Mai Sushi ASequity ratio 8.1%18.8%
  7. 7Makalaus ASequity ratio 61.2%10.6%
  8. 8Cesar Bar og Cafe ASequity ratio 71.6%10.0%
  9. 9Burger'n ASequity ratio 62.7%8.8%
  10. 10Kocu Eiendom ASequity ratio 18.3%8.3%

Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology

Drivers in the sector

Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.5 percentage points.

Consumer price index per year and the sector's median operating margin
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0102.9 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+2.9%
Sector's median operating margin–2.2%2.8%3.3%3.8%11.3%

Source: SSB (14710, CC BY 4.0). Source · fetched 1 November 2026

EUR/NOK (kr)

Latest value: 10.59 (2026-10)

EUR/NOK rose 0.8% in 2025; the sector's median operating margin rose 0.5 percentage points.

EUR/NOK per year and the sector's median operating margin
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
Sector's median operating margin–2.2%2.8%3.3%3.8%11.3%

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 1 November 2026

Policy rate (prosent)

Latest value: 4.30 (2026-09)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.5 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.14 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.16 percentage points
Sector's median operating margin–2.2%2.8%3.3%3.8%11.3%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026

When policy rate fell in 2025, 1,023 of 2,002 ranked companies kept their operating margin at or above the year before. Among the largest: Scandic Hotels AS (6.6% → 8.4%), Radisson Hotels Norway AS (2.5% → 2.5%), Select Service Partner AS (0.3% → 3.8%), Strawberry Services AS (3.2% → 17.4%), 4Service Landanlegg AS (13.7% → 16.5%).

We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.

The sector in Norway (SSB)

The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.

Enterprises, employment and turnover · 2024

Enterprises
13,724
+1.2% from 2023
Persons employed
118,290
+0.6% from 2023
Turnover
NOK 131.9 bn
+6.1% from 2023
Gross operating margin
7.1%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

399 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −5.0% against the four quarters before (420). That is about 29.1 per 1,000 enterprises.

1092024K41202025K1982025K2932025K3872025K41142026K11112026K2872026K3

Foreign-controlled enterprises · 2024

Share of enterprises
1.7%
Share of persons employed
13.9%
Share of turnover
18.2%

SSB publishes this for groups of industries only. The figures are for the group “Overnattings- og serveringsvirksomhet”.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
55*Hele hovedgruppe 55
55.100Drift av hoteller
55.200Drift av vandrerhjem og ferieleiligheter
55.300Drift av campingplasser
55.400Formidlingstjenester tilknyttet overnattingsvirksomhet
55.900Annen overnattingsvirksomhet
56*Hele hovedgruppe 56
56.110Drift av restauranter
56.120Drift av mobile serveringssteder
56.210Catering for arrangementer
56.220Kantinedrift og annen cateringvirksomhet
56.300Drift av barer
56.400Formidlingstjenester tilknyttet serveringsvirksomhet