Industry · municipality
The Hotel Industry in Kvinnherad
An analysis of companies, statistics, and opportunities for entrepreneurs and local decision-makers
Brief overview of the hotel industry in Kvinnherad
The hotel industry in Kvinnherad is a mix of established companies and smaller local businesses. In total, there are 7 registered companies in the sector, distributed across three main areas: Rosendal, Mauranger, and Valen. The most dominant organizational forms are AS (4 companies), while there are also two ANS and one ENK entities. In recent years, the sector has shown variations in revenue and wage expenses, with a significant increase in 2021 following a decline in 2020. There are no registered bankruptcies in the sector, but some companies report negative EBITDA values.
Economic trends in the hotel industry
Economic trends
Revenue has increased from 27.1 million NOK in 2016 to 53.7 million NOK in 2025, with an annual increase of 10.7% in 2024–2025. There have been variations, with a decline of 10.8% in 2019–2020 and a significant increase of 46.1% in 2020–2021. Number of employees has varied between 34 and 64 people, increasing from 34 in 2020 to 58 in 2026. The most significant increase was recorded in 2022–2023 (+19.1%), while a decline of 8.9% was recorded in 2023–2024.
Companies in the hotel industry
Registered companies
A total of 7 companies are registered in the sector, with the following details:
| Company | Organizational Form | Number of Employees | Revenue (2025) | EBITDA (2025) |
|---|---|---|---|---|
| Rosendal Fjordhotel AS | AS | 43 | 35.2 M | 1.4 M |
| Hotel Sundal AS | AS | 10 | 5.6 M | -232.0 K |
| Shl Eigedom AS | AS | 7 | 9.0 M | 2.6 M |
| Hotell Rosendal AS | AS | 4 | 4.8 M | -2.8 M |
| Ans Halsnøy Gjestegaard | ANS | 0 | 0 | 0 |
| Solheim Turiststasjon | ENK | 0 | 0 | 0 |
| Steine AS | AS | 0 | 0 | -22.0 K |
The two ANS and ENK entities have no employees or revenue, while most AS companies have positive revenue. Shl Eigedom AS has the highest EBITDA value (2.6 M NOK) in 2025.
Distribution of business by district
Distribution by district
The hotel industry is most concentrated in Rosendal, with 2 companies and 47 employees. Mauranger has 1 company and 10 employees, while Valen has 1 company and 7 employees. The most interesting figures:
- Rosendal: Operating income of 40.4 M NOK, but EBITDA margin of -3%.
- Mauranger: EBITDA margin of -3%, but high revenue per employee (702.3 K NOK).
- Valen: EBITDA margin of 28%, highest in the sector, with positive operating profit (2.1 M NOK).
Operational dynamics and financial health
Operational dynamics
There are no registered bankruptcies in the sector, but some companies report negative EBITDA values. Hotell Rosendal AS had an EBITDA of -2.8 M NOK in 2025, while Hotel Sundal AS had an EBITDA of -232.0 K NOK. This shows that some companies face challenges with cost control. At the same time, Shl Eigedom AS has a strong financial position with a high EBITDA margin (28%) and low debt (14.0 M NOK).
Outlook for entrepreneurs in the hotel industry
Outlook for entrepreneurs
The hotel industry in Kvinnherad shows potential for growth, especially after the significant increase in 2021–2022. Valen has proven to be a stable region with a high EBITDA margin. Entrepreneurs should, however, be mindful of cost control, as several companies have negative EBITDA values. There are also opportunities to develop in regions with low competition, such as Mauranger.
Comparison with the accommodation industry
Comparison with accommodation
The broader accommodation industry in Kvinnherad has 27 companies, compared to 7 in the hotel sector. Revenue in accommodation has grown from 34.9 M NOK in 2016 to 56.8 M NOK in 2025, while the hotel sector has grown from 27.1 M NOK to 53.7 M NOK. The main peer companies in accommodation include camping and cabin rental companies, such as Gryhelges Bar & Restaurant AS (EBITDA 1.7 M NOK) and Rabben Feriesenter AS (EBITDA 858.0 K NOK). These companies have lower revenue than the hotel sector, but higher number of employees in some cases.
Other companies in overnatting (not in hotel)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Gryhelges Bar & Restaurant As | camping | Opsangervegen 69, 5460 Husnes | NOK 7.9M | 13 | NOK 1.7M |
| Rabben Feriesenter As | camping | 0, 5463 Uskedalen | NOK 2.2M | 8 | NOK 858.0K |
| Into Hytteformidling As | other accommodation | Sundsvegen 77, 5450 Sunde I Sunnhordland | NOK 572.0K | 0 | NOK 454.0K |
| Eide Tunet | short stay cabins | c/o Thomas Eide|Hauglandsvegen 12, 5463 Uskedalen | NOK 0 | 0 | NOK 0 |
| Fjord Ferie Hytteformidling Kurt Henriksen | other accommodation | Sæbøvikvegen 50, 5454 | NOK 0 | 0 | NOK 0 |
| Gygratun Leif Kolbjørn Kongestøl | camping | Ænesvegen 210, 5475 | NOK 0 | 0 | NOK 0 |
| Halsnøy Hyttedrift As | camping | c/o Nathanael Sjo|Halsnøyvegen 4, 5454 Sæbøvik | NOK 0 | 4 | NOK 0 |
| Høyland Utleige | short stay cabins | Skeisvegen 40, 5472 Seimsfoss | NOK 0 | 0 | NOK 0 |
| Lillian Åkre | short stay cabins | Kyrkjebygdvegen 32, 5636 Varaldsøy | NOK 0 | 0 | NOK 0 |
| Manfred Hitzler | short stay cabins | c/o Tveit Regnskap AS|Liaheia, 5486 Rosendal | NOK 0 | 0 | NOK 0 |
| Matre Båtlag | camping | c/o Egil Åkra|Jensabrotet 20, 5498 Matre | NOK 0 | 0 | NOK 0 |
| Max Loftås Hytteutleige | camping | Strondavegen 565, 5458 Arnavik | NOK 0 | 0 | NOK 0 |
| Ole Henrik Jakobsen | short stay cabins | Hatlestrandsvegen 393, 5635 | NOK 0 | 0 | NOK 0 |
| Rusten Fjordhytte | short stay cabins | Nedre Ersland 34, 5452 Sandvoll | NOK 0 | 0 | NOK 0 |
| Røyrane As | camping | Ølvesvegen 211, 5635 Hatlestrand | NOK 0 | 0 | NOK 0 |
| Røyrane As | camping | Ølvesvegen 211, 5635 Hatlestrand | NOK 0 | 0 | NOK 0 |
| Sundal Camping As | camping | Sunndalsvegen 660, 5476 Mauranger | NOK 0 | 0 | NOK 0 |
| Ænes Laksepark Leif Sverre Enes | camping | Gardsvegen 55, 5475 Ænes | NOK 0 | 0 | NOK 0 |
| Stølsvik Brygge As | camping | Stølsvik, 5457 Høylandsbygd | NOK 135.0K | 0 | NOK -7.0K |
| Sandvoll Feriehus As | camping | Heio 14, 5452 Sandvoll | NOK 169.0K | 0 | NOK -22.0K |
Conclusion and future opportunities
The hotel industry in Kvinnherad shows both opportunities and challenges. With growth in revenue and a stable number of employees, the sector can be attractive for entrepreneurs. At the same time, it is important to be mindful of cost control and market share in competitive regions. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to ensure profitability in this sector.