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Sector

Overnatting og servering

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2,036 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Ranking · 2024 · Morning class Large

Morning class Large · 2024
#CompanyProfileScoreChangeFive years
1 Hotelldrift CL the Hub AS Leader 75 +9
2 Scandic Hotels AS Leader 71 +4
3 Ess Support Services AS Steward 70 +1
4 4Service Landanlegg AS Sprinter 70 +18
5 Compass Group Norge AS Leader 69 +2
6 Peppes Pizza AS Sprinter 53 −25
7 Olivia AS Leader 51 +24
8 Strawberry Services AS Builder 49 0
9 Zero Five AS Steward 48 −1
10 Oslo Plaza Hotel AS Sprinter 45 +3
11 Radisson Hotels Norway AS Steward 43 +14
12 Cares Workplace Services AS Steward 39 −13
13 Amka Restaurants AS Sprinter 35 +7
14 Thon Hotels AS Builder 19 −13
15 Select Service Partner AS Builder 14 −13
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

Top lists in the sector · 2024 · Morning class Large

The five largest companies account for 67% of the sector's revenue. Combined profit before tax for the 15 ranked companies: 1,118 MNOK.

Highest revenue

  1. Scandic Hotels AS 6,193 MNOK
  2. Radisson Hotels Norway AS 2,406 MNOK
  3. Compass Group Norge AS 2,102 MNOK
  4. Select Service Partner AS 2,066 MNOK
  5. 4Service Landanlegg AS 1,039 MNOK

Operating revenue.

Highest operating margin

  1. Oslo Plaza Hotel AS 27.8%
  2. 4Service Landanlegg AS 13.7%
  3. Hotelldrift CL the Hub AS 13.3%
  4. Peppes Pizza AS 6.7%
  5. Scandic Hotels AS 6.6%

Operating result divided by operating revenue.

Largest profit

  1. Scandic Hotels AS 468 MNOK
  2. 4Service Landanlegg AS 149 MNOK
  3. Oslo Plaza Hotel AS 119 MNOK
  4. Compass Group Norge AS 109 MNOK
  5. Hotelldrift CL the Hub AS 86 MNOK

Profit before tax.

Largest loss

  1. Thon Hotels AS −19 MNOK
  2. Select Service Partner AS −11 MNOK

Profit before tax, the largest negative.

Most solid

  1. Ess Support Services AS 57.5%
  2. Scandic Hotels AS 52.0%
  3. Zero Five AS 38.6%
  4. Hotelldrift CL the Hub AS 32.3%
  5. Compass Group Norge AS 31.6%

Equity ratio: equity divided by total assets.

Fastest growth

  1. 4Service Landanlegg AS +26.3%
  2. Strawberry Services AS +14.7%
  3. Compass Group Norge AS +12.8%
  4. Thon Hotels AS +11.4%
  5. Oslo Plaza Hotel AS +10.3%

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

Largest revenue decline

  1. Zero Five AS −19.9%
  2. Cares Workplace Services AS −3.4%

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

Biggest climbers

  1. Olivia AS +23.8 points
  2. 4Service Landanlegg AS +17.7 points
  3. Radisson Hotels Norway AS +13.6 points
  4. Hotelldrift CL the Hub AS +9.5 points
  5. Scandic Hotels AS +3.8 points

Change in index points from the year before.

Biggest fallers

  1. Peppes Pizza AS −25.2 points
  2. Select Service Partner AS −13.3 points
  3. Cares Workplace Services AS −12.9 points
  4. Zero Five AS −1.6 points

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. Thon Hotels AS 3.7 MNOK
  2. Strawberry Services AS 2.1 MNOK
  3. Oslo Plaza Hotel AS 1.8 MNOK
  4. 4Service Landanlegg AS 1.7 MNOK
  5. Radisson Hotels Norway AS 1.6 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 · 2024 · 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: 79 / 93Radisson Hotels Norway AS: 25 / 50Compass Group Norge AS: 54 / 71Select Service Partner AS: 7 / 74Service Landanlegg AS: 93 / 29Zero Five AS: 29 / 86Olivia AS: 54 / 64Cares Workplace Services AS: 14 / 57Ess Support Services AS: 46 / 100Strawberry Services AS: 39 / 36Hotelldrift CL the Hub AS: 93 / 79Peppes Pizza AS: 75 / 43Amka Restaurants AS: 61 / 14Thon Hotels AS: 0 / 21Oslo Plaza Hotel AS: 82 / 000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Scandic Hotels AS: 79 / 93Radisson Hotels Norway AS: 25 / 50Compass Group Norge AS: 54 / 71Select Service Partner AS: 7 / 74Service Landanlegg AS: 93 / 29Zero Five AS: 29 / 86Olivia AS: 54 / 64Cares Workplace Services AS: 14 / 57Ess Support Services AS: 46 / 100Strawberry Services AS: 39 / 36Hotelldrift CL the Hub AS: 93 / 79Peppes Pizza AS: 75 / 43Amka Restaurants AS: 61 / 14Thon Hotels AS: 0 / 21Oslo Plaza Hotel AS: 82 / 000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).

  • 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 2023 (profitability / solidity)
Hotelldrift CL the Hub ASLion937992 / 67
4Service Landanlegg ASCheetah9329100 / 0
Oslo Plaza Hotel ASCheetah820–
Scandic Hotels ASLion799371 / 92
Peppes Pizza ASCheetah754367 / 83
Amka Restaurants ASCheetah6114–
Compass Group Norge ASLion547146 / 75
Olivia ASLion54640 / 42
Ess Support Services ASElephant4610012 / 100
Strawberry Services ASBeaver393683 / 17
Zero Five ASElephant298654 / 58
Radisson Hotels Norway ASElephant255012 / 25
Cares Workplace Services ASElephant145738 / 50
Select Service Partner ASBeaver7750 / 8
Thon Hotels ASBeaver021–
The sector in numbers

Summary · fiscal year 2024 · Morning class Large

The sector's median operating margin is 3.2%. 0 of 16 companies have negative equity. The median equity ratio is 19.5%.

Companies with accounts16
Total revenue20,656 MNOK
Median operating margin3.2%
Median equity ratio19.5%
Share with a loss12%
Share with negative equity0%

All figures are for fiscal year 2024. Ranked: 15 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Climbers and fallers · Morning class Large

Change in rank from 2023 to 2024, for 12 companies ranked in both years.

Climbers

  1. 5Olivia ASfrom rank 12 to 751
  2. 4Hotelldrift CL the Hub ASfrom rank 5 to 175
  3. 2Scandic Hotels ASfrom rank 4 to 271
  4. 24Service Landanlegg ASfrom rank 6 to 470
  5. 1Strawberry Services ASfrom rank 9 to 849

Fallers

  1. 5Peppes Pizza ASfrom rank 1 to 653
  2. 5Cares Workplace Services ASfrom rank 7 to 1239
  3. 4Select Service Partner ASfrom rank 11 to 1514
  4. 2Compass Group Norge ASfrom rank 3 to 569
  5. 1Ess Support Services ASfrom rank 2 to 370

Awards · 2024 · Morning class Large

Most profitableOslo Plaza Hotel AS27.8%
Fastest growth4Service Landanlegg AS26.3%
Strongest balance sheetEss Support Services AS57.5%
Largest revenueScandic Hotels AS6,193 MNOK
Highest revenue per employeeThon Hotels AS3.7 MNOK

Needs attention · 2024 · Morning class Large

8 companies show at least one warning sign. Showing the 8 most important.

Sector map · 2024 · 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.

0%5%10%0%10%20%30%40%50%Operating margin (profitability) →Equity ratio (solidity) →Scandic Hotels AS: operating margin 6.6%, equity ratio 52.0%, rank 2Radisson Hotels Norway AS: operating margin 2.5%, equity ratio 19.5%, rank 11Compass Group Norge AS: operating margin 4.9%, equity ratio 31.6%, rank 5Select Service Partner AS: operating margin 0.3%, equity ratio 6.7%, rank 154Service Landanlegg AS: operating margin 13.7%, equity ratio 11.9%, rank 4Zero Five AS: operating margin 2.1%, equity ratio 38.6%, rank 9Olivia AS: operating margin 4.2%, equity ratio 26.1%, rank 7Cares Workplace Services AS: operating margin 1.8%, equity ratio 25.6%, rank 12Ess Support Services AS: operating margin 3.0%, equity ratio 57.5%, rank 3Strawberry Services AS: operating margin 3.2%, equity ratio 12.9%, rank 8Hotelldrift CL the Hub AS: operating margin 13.3%, equity ratio 32.3%, rank 1Peppes Pizza AS: operating margin 6.7%, equity ratio 15.6%, rank 6Amka Restaurants AS: operating margin 3.1%, equity ratio 10.1%, rank 13Thon Hotels AS: operating margin −2.8%, equity ratio 11.7%, rank 14Oslo Plaza Hotel AS: operating margin 27.8%, equity ratio 1.9%, rank 10
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Hotelldrift CL the Hub AS13.3%32.3%633 MNOK
Scandic Hotels AS6.6%52.0%6,193 MNOK
Ess Support Services AS3.0%57.5%675 MNOK
4Service Landanlegg AS13.7%11.9%1,039 MNOK
Compass Group Norge AS4.9%31.6%2,102 MNOK
Peppes Pizza AS6.7%15.6%525 MNOK
Olivia AS4.2%26.1%701 MNOK
Strawberry Services AS3.2%12.9%634 MNOK
Zero Five AS2.1%38.6%726 MNOK
Oslo Plaza Hotel AS27.8%1.9%500 MNOK
Radisson Hotels Norway AS2.5%19.5%2,406 MNOK
Cares Workplace Services AS1.8%25.6%691 MNOK
Amka Restaurants AS3.1%10.1%512 MNOK
Thon Hotels AS−2.8%11.7%512 MNOK
Select Service Partner AS0.3%6.7%2,066 MNOK

Holding and investment companies · 2024

86 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 27 have at least 10 MNOK in assets and are listed.

Holding and investment companies
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1Cws Holding AS95 99.9%48.0% 144.7612 MNOK
2Søraas Invest AS83 99.4%25.1% 233.9013 MNOK
3Food Folk Norge Holdings AS82 99.6%34.3% 4.69580 MNOK
4Samir Sharma Holding AS80 95.8%29.8% 60.8072 MNOK
5Ghebremeskel Holding AS74 80.1%56.5% 4.9410 MNOK
6Hankø Invest AS61 68.5%30.5% 2.0957 MNOK
7Danora Holding AS60 84.0%20.1% 3.7176 MNOK
8Svadla Holding AS60 97.2%5.6% 29.3311 MNOK
9Anjo Eiendom Holding AS58 99.8%−2.9% 158.5816 MNOK
10PB Norge Holding AS57 72.1%28.6% 1.25491 MNOK
11Fleischer's Invest AS56 87.8%10.4% 4.1838 MNOK
12K & F Holding AS56 72.1%12.7% 48.6512 MNOK
13Food Folk Group Holdings AS55 85.7%16.5% 1.854,495 MNOK
14Maca Holding AS48 57.5%19.8% 4.6613 MNOK
15Holtebu Holding AS47 66.9%22.4% 1.1215 MNOK
16Laaven Holding AS47 23.1%64.6% 1.0011 MNOK
17Pizza Holding AS46 99.7%0.0% 2.0540 MNOK
18Fylkesnes Invest AS45 88.8%6.1% 0.2257 MNOK
19Ksha Holding AS42 67.4%13.8% 1.0111 MNOK
204Service Holding AS36 42.0%3.7% 95.86380 MNOK
Show all 27
RankCompanyScoreTotal assets
21Thon Holding AS3613,395 MNOK
22Culinary Holding AS3317 MNOK
23Emr Invest AS3013 MNOK
24Underground Golf Holding AS2431 MNOK
25Oslofjord Holding AS221,859 MNOK
26Havariet Holding AS1221 MNOK
27Holding Partner AS511 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

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%19.2%
20243.3%18.7%
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, 1,021 of 1,994 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