Overnatting og servering
FollowDownload sector report (PDF)3,077 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology
Ranking · 2023 · Morning class Large
| # | Company | Score | Change |
|---|---|---|---|
| 1 | Peppes Pizza AS | 78 | – |
| 2 | Ess Support Services AS | 69 | – |
| 3 | Compass Group Norge AS | 68 | – |
| 4 | Hotelldrift CL the Hub AS | 67 | – |
| 5 | Scandic Hotels AS | 67 | – |
| 6 | 4Service Landanlegg AS | 54 | – |
| 7 | Cares Workplace Services AS | 51 | – |
| 8 | Zero Five AS | 50 | – |
| 9 | Strawberry Services AS | 50 | – |
| 10 | King Food AS | 44 | – |
| 11 | Radisson Hotels Norway AS | 30 | – |
| 12 | Select Service Partner AS | 28 | – |
| 13 | Olivia AS | 28 | – |
| 14 | Espresso House Norge AS | 22 | – |
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 68% of the sector's revenue. Combined profit before tax for the 14 ranked companies: 1,150 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Scandic Hotels AS 6,018 MNOK
- Radisson Hotels Norway AS 2,248 MNOK
- Select Service Partner AS 1,972 MNOK
- Compass Group Norge AS 1,864 MNOK
- King Food AS 1,587 MNOK
Operating revenue.
Most employees
- Scandic Hotels AS 5,425
- Compass Group Norge AS 4,338
- Select Service Partner AS 2,269
- Radisson Hotels Norway AS 1,504
- Zero Five AS 1,269
Employees according to the Central Coordinating Register.
Highest revenue per employee
- King Food AS 56.7 MNOK
- Strawberry Services AS 1.8 MNOK
- Radisson Hotels Norway AS 1.5 MNOK
- 4Service Landanlegg AS 1.4 MNOK
- Hotelldrift CL the Hub AS 1.3 MNOK
Only companies with at least 5 employees.
Profit and balance
Who earns the most, who loses the most, and who has the strongest balance sheet.
Highest operating margin
- 4Service Landanlegg AS 14.8%
- Hotelldrift CL the Hub AS 12.1%
- Strawberry Services AS 10.1%
- Peppes Pizza AS 8.0%
- Scandic Hotels AS 6.6%
Operating result divided by operating revenue.
Largest profit
- Scandic Hotels AS 438 MNOK
- 4Service Landanlegg AS 125 MNOK
- Compass Group Norge AS 105 MNOK
- King Food AS 77 MNOK
- 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
- Ess Support Services AS 70.0%
- Scandic Hotels AS 60.5%
- Peppes Pizza AS 43.3%
- Compass Group Norge AS 39.0%
- Hotelldrift CL the Hub AS 35.3%
Equity ratio: equity divided by total assets.
Growth and movement
Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.
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.
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.
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.
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
| Company | Profile | Profitability | Solidity |
|---|---|---|---|
| 4Service Landanlegg AS | Cheetah | 100 | 0 |
| Hotelldrift CL the Hub AS | Lion | 92 | 69 |
| Strawberry Services AS | Cheetah | 85 | 15 |
| Scandic Hotels AS | Lion | 69 | 92 |
| Peppes Pizza AS | Lion | 65 | 85 |
| King Food AS | Lion | 65 | 54 |
| Zero Five AS | Lion | 50 | 62 |
| Compass Group Norge AS | Elephant | 46 | 77 |
| Select Service Partner AS | Beaver | 46 | 8 |
| Cares Workplace Services AS | Beaver | 35 | 46 |
| Espresso House Norge AS | Beaver | 23 | 31 |
| Ess Support Services AS | Elephant | 12 | 100 |
| Radisson Hotels Norway AS | Beaver | 12 | 23 |
| Olivia AS | Beaver | 0 | 38 |
Summary · fiscal year 2023 · Morning class Large
The sector's median operating margin is 4.4%. 0 of 15 companies have negative equity. The median equity ratio is 26.4%.
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
Needs attention · 2023 · Morning class Large
6 companies show at least one warning sign. Showing the 6 most important.
- watchSelect Service Partner ASCurrent ratio below 1 (0.58)
- watchKing Food ASCurrent ratio below 1 (0.44)
- watchZero Five ASCurrent ratio below 1 (0.95)
- watchOlivia ASCurrent ratio below 1 (0.67)
- watchStrawberry Services ASCurrent ratio below 1 (0.98)
- watchEspresso House Norge ASCurrent ratio below 1 (0.23)
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.
Show the map's figures as a table
| Company | Operating margin | Equity ratio | Revenue |
|---|---|---|---|
| Peppes Pizza AS | 8.0% | 43.3% | 522 MNOK |
| Ess Support Services AS | 2.5% | 70.0% | 643 MNOK |
| Compass Group Norge AS | 5.4% | 39.0% | 1,864 MNOK |
| Hotelldrift CL the Hub AS | 12.1% | 35.3% | 580 MNOK |
| Scandic Hotels AS | 6.6% | 60.5% | 6,018 MNOK |
| 4Service Landanlegg AS | 14.8% | 10.2% | 823 MNOK |
| Cares Workplace Services AS | 3.3% | 24.6% | 716 MNOK |
| Zero Five AS | 3.3% | 34.2% | 906 MNOK |
| Strawberry Services AS | 10.1% | 12.6% | 553 MNOK |
| King Food AS | 4.8% | 28.3% | 1,587 MNOK |
| Radisson Hotels Norway AS | 2.5% | 19.1% | 2,248 MNOK |
| Select Service Partner AS | 4.1% | 12.1% | 1,972 MNOK |
| Olivia AS | −0.9% | 24.2% | 697 MNOK |
| Espresso House Norge AS | 3.0% | 23.6% | 510 MNOK |
Holding and investment companies · 2023
92 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: 26 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Paresa Holding AS | 100 | 99.8% | 95.9% | 356.20 | 92 MNOK |
| 2 | Søraas Invest AS | 93 | 99.3% | 75.1% | 245.59 | 11 MNOK |
| 3 | Food Folk Norge Holdings AS | 81 | 99.7% | 36.5% | 5.10 | 465 MNOK |
| 4 | Samir Sharma Holding AS | 75 | 93.5% | 27.8% | 33.96 | 51 MNOK |
| 5 | Hallingstuene Holding AS | 74 | 88.7% | 49.0% | 8.84 | 22 MNOK |
| 6 | Zetare Holding AS | 65 | 95.7% | 13.5% | 9.62 | 97 MNOK |
| 7 | Holtebu Holding AS | 62 | 87.6% | 31.7% | 2.20 | 11 MNOK |
| 8 | Svadla Holding AS | 56 | 96.5% | 6.5% | 23.50 | 11 MNOK |
| 9 | Hankø Invest AS | 51 | 47.9% | 41.2% | 1.03 | 45 MNOK |
| 10 | PB Norge Holding AS | 50 | 68.5% | 27.6% | 1.21 | 517 MNOK |
| 11 | Helge Solberg Holding AS | 50 | 53.4% | 10.4% | 173.86 | 19 MNOK |
| 12 | Food Folk Group Holdings AS | 49 | 82.5% | 16.4% | 1.71 | 4,011 MNOK |
| 13 | Fleischer's Invest AS | 49 | 87.7% | 10.4% | 3.20 | 35 MNOK |
| 14 | Maca Holding AS | 46 | 38.3% | 26.0% | 3.94 | 15 MNOK |
| 15 | Pizza Holding AS | 46 | 99.7% | −0.1% | 2.15 | 40 MNOK |
| 16 | Laaven Holding AS | 45 | 23.5% | 65.9% | 1.20 | 11 MNOK |
| 17 | Ksha Holding AS | 44 | 92.1% | 7.7% | 1.02 | 10 MNOK |
| 18 | Rowan Brown Holding AS | 42 | 84.2% | 5.6% | 31.60 | 18 MNOK |
| 19 | Emr Invest AS | 38 | 39.3% | 7.5% | 39.03 | 13 MNOK |
| 20 | Underground Golf Holding AS | 35 | 35.3% | 16.3% | 1.44 | 24 MNOK |
Show all 26
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Fylkesnes Invest AS | 32 | 58 MNOK |
| 22 | Thon Holding AS | 32 | 12,740 MNOK |
| 23 | 4Service Holding AS | 27 | 369 MNOK |
| 24 | Havariet Holding AS | 26 | 24 MNOK |
| 25 | Culinary Holding AS | 26 | 24 MNOK |
| 26 | Nordlys Sport Holding AS | 6 | 23 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
In our articles
- Property and finance earn the margins, but not the securityNo. 19 of 22 on median operating margin
- Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 20 of 22 on median board age
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 1.2%.
Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2017 | – | – |
| 2019 | – | – |
| 2020 | – | – |
| 2021 | – | – |
| 2022 · weakest year | 1.2% | 10.0% |
| 2023 | 3.0% | 17.8% |
| 2024 | 3.4% | 17.9% |
| 2025 | 3.7% | 19.0% |
| 2026 | 11.3% | 34.6% |
In 2022, 21 ranked companies did better than the sector, 7 about the same and 28 weaker.
Held up best in 2022
- 1Mattis Mat ASequity ratio 80.2%40.8%
- 2Sandvika Sushi ASequity ratio 61.5%34.0%
- 3Asian Wok ASequity ratio 70.4%30.5%
- 4GREEK & Grill ASequity ratio 11.9%27.4%
- 5Vågå Hotel ASequity ratio 22.9%21.4%
- 6Mai Sushi ASequity ratio 8.1%18.8%
- 7Martins ASequity ratio 79.0%10.7%
- 8Makalaus ASequity ratio 61.2%10.6%
- 9Cesar Bar og Cafe ASequity ratio 71.6%10.0%
- 10Queens Pub ASequity ratio 50.5%9.6%
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.
Turnover index: accommodation and food service (indeks (2021 = 100))
| Measure | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Turnover index: accommodation and food service, annual average | – | – | – | – | – |
| Change from the year before | – | – | – | – | – |
| Sector's median operating margin | 1.2% | 3.0% | 3.4% | 3.7% | 11.3% |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| Sector's median operating margin | – | 1.2% | 3.0% | 3.4% | 3.7% | 11.3% |
Source: SSB (14710, CC BY 4.0). Source · fetched 4 November 2026
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the sector's median operating margin rose 0.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| Sector's median operating margin | – | 1.2% | 3.0% | 3.4% | 3.7% | 11.3% |
Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 4 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.4 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (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 | −0.12 percentage points |
| Sector's median operating margin | – | 1.2% | 3.0% | 3.4% | 3.7% | 11.3% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 4 November 2026
When policy rate fell in 2025, 1,627 of 3,181 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%), King Food AS (6.2% → 8.5%), Strawberry Services AS (3.2% → 17.4%).
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.
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”.
Turnover index · Overnattings- og serveringsvirksomhet
171.6 index, 2021 = 100, seasonally adjusted · 2026M08
+5.0% against 2025M08.
Monthly, 2023M08 to 2026M08.
Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. 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
- Frodig Seter AS 935120098 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
- Ryfylke Mat AS 999331599 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
- SK'S GRILL & Pizza AS 932001667 Bankruptcy · 3 November 2026 · 0 MNOK (2025)
- Bambi AS 929168763 Bankruptcy · 2 November 2026 · 2 MNOK (2025)
- Bærja Kafe AS 925244600 Bankruptcy · 2 November 2026 · 2 MNOK (2025)
- C.J Eriksen AS 924480408 Bankruptcy · 2 November 2026 · 3 MNOK (2025)
- Otta Steakhouse AS 924480475 Bankruptcy · 2 November 2026 · 3 MNOK (2025)
- Pia Kafe og Spiseri AS 933964450 Voluntary liquidation · 2 November 2026 · 2 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 55* | Hele hovedgruppe 55 |
| 55.100 | Drift av hoteller |
| 55.200 | Drift av vandrerhjem og ferieleiligheter |
| 55.300 | Drift av campingplasser |
| 55.400 | Formidlingstjenester tilknyttet overnattingsvirksomhet |
| 55.900 | Annen overnattingsvirksomhet |
| 56* | Hele hovedgruppe 56 |
| 56.110 | Drift av restauranter |
| 56.120 | Drift av mobile serveringssteder |
| 56.210 | Catering for arrangementer |
| 56.220 | Kantinedrift og annen cateringvirksomhet |
| 56.300 | Drift av barer |
| 56.400 | Formidlingstjenester tilknyttet serveringsvirksomhet |