The Hotel Industry in Kongsvinger: Companies, Statistics, and Outlooks

The hotel industry in Kongsvinger is a mix of established businesses and new players, with a total of 8 registered companies in the municipality. In recent years, the industry has been marked by both rising and falling trends, with a significant sales increase in 2021 following a period of decline. However, EBITDA data shows that several companies operate with negative margins, indicating increased operational challenges. It is particularly interesting to note that some companies, such as Kongsvinger Budget Hotel AS, achieve positive EBITDA, while others, such as Vinger Drift AS, report negative figures. This shows a large variation in operational results within the industry.

Sales for hotel operations in Kongsvinger have shown a dynamic development in recent years. According to branch_sales_yoy, sales increased by 19.4% from 2016 to 2017, but then decreased by 9.1% in 2018. The most significant increase was recorded in 2021, with a rise of 44.4% compared to 2020. In 2025, sales had fallen to NOK 35.4 million, showing a weaker development compared to 2023. Regarding employees, the industry has been marked by a sharp decline from 2017 to 2018, where the number of employees fell by 54.7%, from 145 to 62. Since then, there have been small variations, but there is a clear decline in the number of employees from 2016 to 2026, from 145 to 48.

In Kongsvinger, there are 8 companies registered in the hotel industry. The main companies include:

• Vinger Drift AS (Østre Solørveg 6, Kongsvinger): 21 employees, EBITDA -1.6 million NOK
• Festningen Hotel & Resort AS (Kongsvinger festning, Kongsvinger): 11 employees, EBITDA -541,000 NOK
• Kongsvinger Budget Hotel AS (Oslovegen 103, Kongsvinger): 7 employees, EBITDA 565,000 NOK
• Torgersrud Holding AS (Røgdenvegen 2275, Lundersæter): 4 employees, EBITDA 459,000 NOK
• Arm Holding AS (Østre Solørveg 6, Kongsvinger): 0 employees, EBITDA -43,000 NOK
• Carlstrøm Holding AS (Oslovegen 103, Kongsvinger): 0 employees, EBITDA 0 NOK
• Kbh Drift AS (Oslovegen 103, Kongsvinger): 0 employees, EBITDA 0 NOK
• Kongsvinger Hotell Eiendom AS (Østre Solørveg 6, Kongsvinger): 0 employees, EBITDA 1.6 million NOK

Most companies are organized as AS, and there is a clear variation in financial results. Kongsvinger Budget Hotel AS and Torgersrud Holding AS achieve positive EBITDA, while several companies report negative figures.

Hotel activity in Kongsvinger is divided into two main areas: Kongsvinger and Lundersæter. In Kongsvinger, there are 3 registered companies with a total of 39 employees, and sales amount to NOK 35.1 million. In Lundersæter, there is one company, Torgersrud Holding AS, with 4 employees and sales of NOK 911,000. The Lundersæter company shows a strong increase in sales (18%) and a high EBITDA margin of 50%, indicating efficient operations. Kongsvinger, on the other hand, has a lower EBITDA margin of -4%, showing that several companies in the town operate at a loss.

The hotel industry in Kongsvinger has been marked by relative stability in terms of bankruptcy. According to data from branch_bankruptcy_statistics, there are no companies in the hotel industry registered as bankrupt, even though several companies report negative EBITDA. This indicates that the businesses have managed to stay afloat, even if they are not necessarily profitable. It is also interesting to note that several companies have been established in recent years, such as Carlstrøm Holding AS and Kbh Drift AS, which may indicate a certain level of interest in establishing oneself in the industry.

For entrepreneurs considering establishing themselves in the hotel industry in Kongsvinger, it is important to be aware of the variations in operational results. While some companies, such as Kongsvinger Budget Hotel AS and Torgersrud Holding AS, achieve positive EBITDA, other companies, such as Vinger Drift AS and Festningen Hotel & Resort AS, report negative figures. This indicates that there is a large variation in operational challenges, and that success in the industry can depend on efficient operations and strategic location. It is also worth noting that Lundersæter has a company with a high EBITDA margin, which may indicate that it is possible to achieve profitability in certain areas of the municipality.

When comparing the hotel industry with the broader accommodation industry (parent_category), data shows that the accommodation industry has more companies (13) compared to the hotel industry (8). Sales and number of employees show nearly similar development, but the accommodation industry has a slightly higher number of employees over time. Parent_sales_yoy shows that sales in the accommodation industry have a slightly higher increase in 2017 compared to the hotel industry. It is also worth noting that parent_peer_companies include companies in camping, such as Gudmund Gulbrandsen and Dnt Finnskogen Og Omegn Lebiko, which have different EBITDA developments. This can give entrepreneurs a broader perspective on possible collaboration opportunities or diversification within the accommodation industry.

The hotel industry in Kongsvinger shows a mix of established businesses and new players, with both positive and negative operational results. While some companies achieve profitability, others operate at a loss. This shows that the industry has a large variation in operational challenges, and that success can depend on efficient operations and strategic location. Entrepreneurs should be aware of the local variations, such as Lundersæter, where a company's EBITDA margin is high. At the same time, it may be possible to exploit collaboration opportunities within the accommodation industry, which includes camping and other forms of accommodation. SmartGrunder can help entrepreneurs find suitable addresses in Kongsvinger to establish themselves in the hotel industry, with a focus on natural distributions and operational outlooks.