Industry · municipality
The Hotel Industry in Kinn: Companies, Statistics, and Outlooks
A detailed analysis of the hotel industry in Kinn municipality based on market data and business statistics for 2025 and earlier years.
Brief overview of the hotel industry in Kinn
The hotel industry in Kinn municipality represents an important part of the local economy, with 7 registered companies in 2025. The industry has been marked by fluctuations in sales revenue and employees over the years, with a peak in 2022 followed by a decline in 2023. The most dominant activity is found in Florø, with 3 companies and 105 employees, while Måløy and Batalden have smaller, but specialized offerings. The industry shows both opportunities and challenges for entrepreneurs, particularly in relation to competition from other accommodation options in the municipality.
Economic overview of the hotel industry
Sales Development
Sales revenue for the hotel industry in Kinn has been unstable over the years, with a significant increase from 2018 to 2019 (+116.7%) and a peak in 2022 at NOK 103.9 million. This was followed by a decline of 23.6% in 2023 and a weak increase in 2024. In 2025, sales revenue stands at NOK 79.1 million, indicating a gradual stabilization after the sharp decline.
Employee Numbers
Employee numbers in the industry have shown a more stable development, increasing from 111 in 2016 to 150 in 2022, before declining to 114 in 2025. The most significant increase was recorded in 2021 (+14.7%) and 2022 (+20.0%), while there was a sharp decline in 2024 (-12.2%).
Table: Annual Development
| Year | Sales Revenue (NOK) | Employees |
|---|---|---|
| 2016 | 37.0M | 111 |
| 2017 | 31.9M | 115 |
| 2018 | 27.2M | 123 |
| 2019 | 58.9M | 110 |
| 2020 | 67.3M | 109 |
| 2021 | 69.9M | 125 |
| 2022 | 103.9M | 150 |
| 2023 | 79.4M | 147 |
| 2024 | 82.0M | 129 |
| 2025 | 79.1M | 114 |
Companies in the hotel industry
Registered Companies
The following companies are present in the hotel industry in Kinn:
- Florø Hotelldrift As – Hamnegata 11, Florø (51 employees, AS, founded 2000-12-14)
- Victoria Hotell Florø As – Markegata 43, Florø (40 employees, AS, founded 2018-07-25)
- Måløy Hotelldrift As – Gate 1 45, Måløy (23 employees, AS, founded 1994-06-30)
- Kinn Hotell Florø As – Havrenesvegen 32B, Florø (14 employees, AS, founded 2017-05-05)
- Batalden Ishus As – Fanøy, Batalden (2 employees, AS, founded 2014-09-14)
- Florø Apartments Hotell As – Brandsøyvegen 13, Florø (0 employees, AS, founded 1976-07-08)
- Svst & Best Invest As – Hamnegata 5, Florø (0 employees, AS, founded 2013-04-12)
Organizational Forms
Most companies are organized as AS (5 companies, 130 employees). No companies are registered as ANS or ENKELTPERSONSFORETAK in the industry.
Business geography in Kinn
Distribution of Activities in the Municipality
The hotel industry in Kinn is most concentrated in Florø, with 3 companies and 105 employees. Måløy and Batalden have fewer, but specialized offerings:
| Location | Number of Companies | Number of Employees | Sales Revenue (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Florø | 3 | 105 | 63.5M | 9.1M |
| Måløy | 1 | 23 | 16.8M | 1.3M |
| Batalden | 1 | 2 | 922.0K | 72.0K |
Florø clearly holds a leading position, with higher sales revenue and employees, while Batalden has lower revenue but higher growth (64% in 2025).
Business dynamics and bankruptcies
Bankruptcies and Financial Challenges
None of the 7 companies in the hotel industry in Kinn are registered as bankrupt in 2025. Nevertheless, some companies show weak financial results:
- Florø Apartments Hotell As has 0 sales revenue and 0 employees.
- Svst & Best Invest As has a negative EBITDA of NOK -340.0K and an income growth of -96%.
This indicates that some companies may be in a weak financial position, even though no bankruptcies are registered. Entrepreneurs should carefully consider financing and cost control.
Outlook for entrepreneurs in the hotel industry
Outlook for Entrepreneurs
The hotel industry in Kinn has both opportunities and challenges. Sales revenue had a significant increase in 2019 and 2022, but has since been unstable. Entrepreneurs should consider focusing on differentiation, such as specialized offerings in Batalden or quality-focused hotels in Florø. It is also important to follow the competition from other accommodation options in the municipality, such as camping and cabins, which can be a threat to traditional hotels.
Outlook for the accommodation industry
Comparison with the Accommodation Industry
The broader accommodation industry in Kinn has 27 companies, compared to 7 in the hotel industry. Sales revenue for accommodation has been more stable, increasing from NOK 41.2M in 2016 to NOK 104.8M in 2025. Employee numbers have also been more stable, increasing from 114 in 2016 to 144 in 2026.
Peer Companies in the Accommodation Industry
Current peer companies in the accommodation industry include:
- Raudeberg Jobbhotell As (other accommodation, NOK 10.1M sales revenue, 0 employees)
- Florø Rorbu As (camping, NOK 3.2M sales revenue, 2 employees)
- Nordica Resort Florø As (camping, NOK 12.7M sales revenue, 11 employees)
These companies show that the accommodation industry in Kinn has a broader range of offerings, which can be a challenge for traditional hotels.
Other companies in overnatting (not in hotel)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Raudeberg Jobbhotell As | other accommodation | Skoravegen 130, 6710 Raudeberg | NOK 10.1M | 0 | NOK 6.8M |
| Florø Rorbu As | camping | Furuholmen 1, 6908 Florø | NOK 3.2M | 2 | NOK 1.2M |
| Refvik Bygdeutvikling Sa | camping | Refvik, 6710 Raudeberg | NOK 1.2M | 0 | NOK 665.0K |
| Nordica Resort Florø As | camping | Brandsøyvegen 1, 6908 Florø | NOK 12.7M | 11 | NOK 577.0K |
| Batalden Experience As | camping | Fanøyvegen 34, 6917 Batalden | NOK 0 | 0 | NOK 0 |
| Batalden Havbu Gunhild Bjelland | camping | Strandgata 45, 6905 Florø | NOK 0 | 0 | NOK 0 |
| Blåbrebu | camping | Florø, 6900 | NOK 0 | 0 | NOK 0 |
| Gjestland Utleige | camping | Gaddevegen 6A, 6900 Florø | NOK 0 | 0 | NOK 0 |
| Justesen | short stay cabins | Nedrevegen 51, 6710 Raudeberg | NOK 0 | 0 | NOK 0 |
| Kinn | camping | Kinn, 6912 | NOK 0 | 0 | NOK 0 |
| Kråkenes Fyr | camping | Kråkenesvegen 79, 6710 Raudeberg | NOK 0 | 0 | NOK 0 |
| Kvamme Joar | camping | Vemmelsvikvegen 50, 6713 Almenningen | NOK 0 | 0 | NOK 0 |
| Skongenes Fyr | camping | Raudeberg, 6710 | NOK 0 | 0 | NOK 0 |
| Steinvik Camping Måløy Agnete Nygård Utnes | camping | Blålidvegen 93, 6718 Deknepollen | NOK 0 | 0 | NOK 0 |
| Storstova Feriehus, Walter Høivik | camping | Furutun 20, 6907 Florø | NOK 0 | 0 | NOK 0 |
| Sæther Ferieleilighet | short stay cabins | Brufjordvegen 650, 6942 Svortevik | NOK 0 | 0 | NOK 0 |
| Tustna Brygge S.peters | camping | 0, 6944 Stavang | NOK 0 | 0 | NOK 0 |
| Ulvesund Fyr As | short stay cabins | Ulvesundvegen 270, 6718 Deknepollen | NOK 0 | 0 | NOK 0 |
| Tansøy Havhytter As | other accommodation | Tansøyvegen 2, 6919 | NOK 86.0K | 0 | NOK -62.0K |
| Endestad Camping As | camping | Endestad, 6940 Eikefjord | NOK 3.0K | 0 | NOK -228.0K |
Conclusion
The hotel industry in Kinn has both opportunities and challenges. With a significant increase in sales revenue in 2019 and 2022, but unstable developments afterward, it is important for entrepreneurs to focus on differentiation and cost control. The broader accommodation industry in the municipality shows a more stable development, which can be a threat to traditional hotels. SmartGrunder can help entrepreneurs find optimal addresses and strategies to compete in this dynamic industry.