Industry · municipality
The Hotel Industry in Kristiansund: Current Status and Future Prospects
A Detailed Analysis of Companies, Economic Data, and Development Trends
Executive Summary
The hotel industry in Kristiansund is an important part of the municipality's economy, with 8 registered companies and over 150 employees. In recent years, the industry has been marked by both increases and decreases in revenue, with a significant decline in 2025. However, data from 2026 shows a weak increase in both employees and revenue. The industry has a wide variation in financial health, with both positive and negative EBITDA values. The broader accommodation industry in the municipality has more companies and shows a somewhat more volatile development.
Economic Overview
Economic Trends
- Revenue: The hotel industry had revenue of NOK 55.7 million in 2024, with a decline of 60.6% compared to 2025. In 2026, there is a weak increase to NOK 57.2 million.
- Employees: The number of employees decreased from 166 in 2025 to 176 in 2026, an increase of 6.0%.
- EBITDA Margin: In 2024, the industry had an EBITDA margin of 3%, indicating weak financial health for many companies.
- Gross Margin: The average gross margin was 359% in 2024, suggesting high profit margins relative to costs.
Companies in the Industry
Registered Companies
In Kristiansund, the following companies are registered in the hotel industry:
| Name | Address | Number of Employees | EBITDA (2024) | Status |
|---|---|---|---|---|
| Quality Hotel Grand Kristiansund As | Bernstorffstredet 1 | 70 | NOK 6.1M | Stable |
| Scandic Kristiansund | Storgata 41 | 37 | NOK 0 | Stable |
| Thon Hotel Kristiansund | Fiskergata 12 | 33 | NOK -605.9K | Negative EBITDA |
| Comfort Hotel Fosna | Hauggata 16 | 27 | NOK 0 | Stable |
| Kristiansund Hotell As | Storgata 17 | 18 | NOK -1.6M | Negative EBITDA |
| Gjestehuset As | Kongens plass 4 | 1 | NOK 151.0K | Stable |
| Atlanterhavshotellet Kristiansund As | Skolegata 6 | 0 | NOK -18.0K | Negative EBITDA |
| Byskogen Invest Ans | Kristiansund | 0 | NOK 0 | Stable |
Most companies are organized as AS, with one organizational form (ANS) in addition. None of the companies are registered as bankrupt, but several have negative EBITDA values.
Business Geography
Geographic Distribution
All companies in the hotel industry in Kristiansund are registered in Kristiansund. The city has:
- 6 companies with a total of 186 employees
- NOK 34.4 million in revenue
- NOK 104.1 million in operating income
- NOK 2.0 million in operating profit
- NOK 4.1 million in EBITDA
- NOK 123.6 million in gross profit
- NOK 3.7 million in equity
- NOK 29.0 million in debt
Business Dynamics
Operational Dynamics and Bankruptcy Statistics
- Bankruptcy: None of the companies in the hotel industry in Kristiansund are registered as bankrupt in 2024.
- Financial Instability: Several companies have negative EBITDA values, such as Thon Hotel Kristiansund and Kristiansund Hotell As.
- Operating Profit: In 2024, the industry had an operating profit of NOK 2.0 million, indicating weak financial health for many companies.
- Equity: The average equity per employee was NOK 37.0K in 2024.
Outlook
Development Trends for the Hotel Industry
The hotel industry in Kristiansund has been marked by significant variations in revenue and operating profit. A sharp decline in 2025 (60.6%) was followed by a weak increase in 2026. This indicates an industry sensitive to external factors such as tourism, economic crises, and competitive pressure. For entrepreneurs, this means it is important to focus on cost control, differentiation, and necessary investments to ensure profitability. It is also important to be aware of the Competition Act and local regulations in Kristiansund.
Development in the Accommodation Industry
The broader accommodation industry in Kristiansund has 20 companies and shows a somewhat more volatile development compared to the hotel industry:
- Revenue: In 2024, the accommodation industry had revenue of NOK 52.6 million, with a decline of 16.8% compared to 2023.
- Employees: The number of employees decreased from 185 in 2024 to 184 in 2025, a decline of 0.5%.
- Peer Companies: Examples of companies in the accommodation industry that are not hotels:
- Kaia Eiendom As (short-term cabins)
- Atlanten Camping Da (camping)
- Byskogen Camping (camping)
- Coolcation Norway As (camping)
- Westcamp As (camping)
These companies show a different distribution of activities and can provide entrepreneurs with alternative websites for development.
Other companies in overnatting (not in hotel)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Kaia Eiendom As | short stay cabins | c/o Meridian AS|Strandgata 60, 6512 Kristiansund | NOK 0 | 1 | NOK 836.0K |
| Atlanten Camping Da | camping | Dalaveien 22, 6511 Kristiansund | NOK 0 | 0 | NOK 252.0K |
| Bjerkelund Feriebolig | camping | Rensvikholmen 8, 6521 Frei | NOK 0 | 0 | NOK 0 |
| Blomvik As | short stay cabins | Yttervikveien 56, 6523 Frei | NOK 0 | 0 | NOK 0 |
| Byskogen Camping | camping | Skogveien 38, 6517 Kristiansund | NOK 0 | 0 | NOK 0 |
| Coolcation Norway As | camping | Fredrik Selmers gate 2, 6508 Kristiansund | NOK 0 | 0 | NOK 0 |
| Coolcation Norway As | camping | Fredrik Selmers gate 2, 6508 Kristiansund | NOK 0 | 0 | NOK 0 |
| Dalabergan Rorbuer Jørgen Sagli | short stay cabins | Dalabergan 1, 6511 Kristiansund | NOK 0 | 0 | NOK 0 |
| Morgensterns Hav Drøm | camping | Skjelbuktveien 25, 6525 Frei | NOK 0 | 0 | NOK 0 |
| Naustbekken Brygge Ans | short stay cabins | Yttervikveien 32, 6523 Frei | NOK 0 | 0 | NOK 0 |
| Vika Ludvigsen | short stay cabins | Vikageilen 31, 6525 Frei | NOK 0 | 0 | NOK 0 |
| Westcamp As | camping | Dalaveien 22, 6511 Kristiansund | NOK 629.0K | 14 | NOK -118.0K |
Conclusion
The hotel industry in Kristiansund has both opportunities and challenges. With 8 companies and over 150 employees, the industry is an important part of the municipality's economy. However, data shows that the industry has been marked by significant variations in revenue and operating profit. Entrepreneurs should consider focusing on cost control, differentiation, and necessary investments to ensure profitability. SmartGrunder can help entrepreneurs find suitable addresses and websites in Kristiansund for the hotel industry.