The Hotel Industry in Hustadvika: Companies, Statistics, and Outlook

The hotel industry in Hustadvika is a small but dynamic sector with two registered companies. The only actively operating business is Hustadvika Gjestegård Havkrefter, which has shown stable economic development in recent years. The industry has experienced variations in employee numbers and revenues, but shows signs of recovery after 2022. Economic indicators such as EBITDA margin (6%) and sales growth (7% annually) highlight the potential in the area. SmartGrunder can help entrepreneurs find natural addresses in Hustadvika for hotel operations where development looks promising.

Economic trends

The hotel industry in Hustadvika has experienced a gradual increase in sales over time, with a total sales amount of NOK 11.8 million in 2025. Annual growth has been most pronounced after 2022, with an increase of 29.3% from 2023 to 2024. Employee numbers have been more volatile, with a decline from 28 to 13 employees between 2020 and 2023, before stabilizing at 13-15 employees in 2024-2025. This shows a certain degree of instability, but also potential for future growth.

Table: Sales and employees over time

Economic indicators

• EBITDA margin: 6% (2023)
• Gross margin: 83% (2023)
• Sales growth: 7% annually (2022-2025)

Registered companies

The following companies are registered in the hotel industry in Hustadvika:

1. Hustadvika Gjestegård Havkrefter (AS, established 1998, 23 employees, sales NOK 12.1M in 2023)
2. Frænabu Misjonssenter (FLI, established 1997, 0 employees, sales NOK 0 in 2023)

Organizational forms

• AS: 1 company (Hustadvika Gjestegård Havkrefter)
• FLI: 1 company (Frænabu Misjonssenter)

Notes

Frænabu Misjonssenter has no operational activity and is registered as non-bankrupt, but has no employees or revenues. This may indicate an inactive business or a specialized organizational form.

Distribution of business

The hotel industry in Hustadvika is concentrated in Farstad, which is the only district with activity within the sector:

• Number of companies: 1
• Number of employees: 23
• Sales: NOK 12.1M (2023)
• Operating income: NOK 12.1M (2023)
• Wage costs: NOK 5.4M (2023)
• EBITDA: NOK 731,000 (2023)

Geographic weight

Farstad is the only area with active hotel operations, highlighting the district's importance for the sector. This can be an advantage for entrepreneurs seeking to establish themselves in Hustadvika, but also a challenge in the form of competition from a single business.

Bankruptcies and dynamics

Within the hotel industry in Hustadvika, there are no registered bankruptcies among the two companies. Hustadvika Gjestegård Havkrefter is still operational, while Frænabu Misjonssenter has no operational activity and no employees. This shows relative stability in the sector, even though there is a small business base.

Dynamics and development

• Sales growth: Highest growth from 2022 to 2023 (29.3%)
• Employee numbers: Decline from 28 to 13 between 2020 and 2023, before stabilization
• EBITDA: Increasing from 2021 to 2023 (NOK 731,000 in 2023)

Challenges

• Small business base (2 companies)
• Large variation in employee numbers and revenues
• Dependence on a single business (Hustadvika Gjestegård Havkrefter)

Development trends

The hotel industry in Hustadvika shows signs of recovery after 2022, with strong sales growth of 29.3% from 2023 to 2024. This may be due to increased tourism in the region or efficient operational improvements at Hustadvika Gjestegård Havkrefter. The EBITDA margin of 6% and stable employee numbers of 13-15 show that the business has a good economic structure. Entrepreneurs should consider the opportunities to expand offerings in Hustadvika, especially in Farstad, where there is an existing customer base.

Potential challenges

• Limited competitiveness due to fewer companies
• Dependence on a single business
• Large variation in employee numbers and revenues over time

Broader accommodation sector

In Hustadvika, the accommodation sector (which includes hotels, camping, and short-term cabins) is much larger than the hotel industry alone. There are 25 companies in the accommodation sector compared to 2 companies in the hotel industry. Sales figures for the accommodation sector have grown from NOK 11.1M in 2016 to NOK 34.9M in 2025, showing strong growth in the area.

Comparison with peer companies

The main peer companies in the accommodation sector in Hustadvika include:

1. Strømsholmen Sjøsportsenter As (camping, sales NOK 22.5M, EBITDA NOK 3.7M)
2. Bud Camping As (camping, sales NOK 1.8M, EBITDA NOK 51,000)
3. Blåhammer Camping As (camping, sales NOK 673,000, EBITDA NOK 12,000)

Conclusion

The accommodation sector in Hustadvika has a much larger business base and higher sales than the hotel industry alone. This highlights that hotel operations can be part of a larger tourism industry in the municipality, but also that there are potential competitors within camping and short-term cabins.

The hotel industry in Hustadvika has proven to be a small but economically stable sector with growth potential. With strong sales growth after 2022 and stable operations at Hustadvika Gjestegård Havkrefter, the municipality can be an attractive place for entrepreneurs seeking to establish themselves in tourism and accommodation. At the same time, businesses should be aware of the challenges that come with a small business base and dependence on a single business. SmartGrunder can help find natural addresses in Hustadvika where hotel operations can develop in a sustainable manner.