The Hotel Industry in Nes

The hotel industry in Nes municipality is a small but dynamic sector with two companies: Nes Villmarksforum As in Årnes and Volden Invest As in Vormsund. In recent years, the industry has been marked by large variations in revenue and number of employees, especially after the coronavirus pandemic. Årnes has a smaller operation with lower revenue and fewer employees, while Vormsund has a more stable operation with higher margins. The industry shows signs of gradual recovery after 2020, but challenges regarding operating results and competition in the accommodation sector are still relevant.

Revenue and Employees (2016–2025):

Trend Analysis:

• Revenue fell sharply by -77.7% from 2019 to 2020, but gradually increased after 2022, with a rise of +29.0% from 2024 to 2025.
• The number of employees was 8 in 2025, a decline of -81.8% compared to 2016.
• The industry has been marked by large variations, but shows signs of stabilization after 2022.

In Nes municipality, 2 companies are registered in the hotel industry:

1. Nes Villmarksforum As (Årnes)

• Founded: 1991-02-02
• Number of employees: 5
• Organizational form: AS
• Revenue: NOK 310.0K (2025)
• Operating result: NOK 7.0K (2025)
• EBITDA: NOK 14.0K (2025)
• EBITDA margin: 3%

1. Volden Invest As (Vormsund)

• Founded: 2003-03-25
• Number of employees: 4
• Organizational form: AS
• Revenue: NOK 1.9M (2025)
• Operating result: NOK 194.0K (2025)
• EBITDA: NOK 229.0K (2025)
• EBITDA margin: 10%

Organizational form: Both companies are ASs, and there are no registered bankruptcies in the industry.

The hotel industry in Nes is distributed across two central locations:

1. Årnes

• Number of companies: 1
• Number of employees: 5
• Revenue: NOK 310.0K (2025)
• Operating result: NOK 7.0K (2025)
• EBITDA: NOK 14.0K (2025)
• EBITDA margin: 3%
• Revenue growth: -11% (2024–2025)

1. Vormsund

• Number of companies: 1
• Number of employees: 4
• Revenue: NOK 1.9M (2025)
• Operating result: NOK 194.0K (2025)
• EBITDA: NOK 229.0K (2025)
• EBITDA margin: 10%
• Revenue growth: +24% (2024–2025)

Conclusion: Vormsund has a more stable and profitable operation compared to Årnes, with higher revenue, employees, and margins.

Bankruptcy Statistics: There are no registered bankruptcies in the hotel industry in Nes municipality in 2025. This shows that the industry has been relatively stable, even though there have been large variations in revenue and operating results.

Operating Result:

• Nes Villmarksforum As had an operating result of NOK 7.0K in 2025, while Volden Invest As had an operating result of NOK 194.0K in the same period.
• Volden Invest As has a significantly higher margin (10%) compared to Nes Villmarksforum As (3%).

Challenges: The industry has been marked by a decline in revenue and employees after 2020, but shows signs of gradual recovery after 2022.

Outlook for Entrepreneurs

For entrepreneurs in the hotel industry in Nes municipality, it is important to consider the following:

• Stable market: The industry has shown gradual recovery after 2022, with a revenue growth of +29.0% from 2024 to 2025.
• Location: Vormsund has a more profitable and stable operation compared to Årnes, which can be an advantage for new companies.
• Competitiveness: There are only two companies in the industry, which can provide opportunities for innovation and market share.
• Operating result: It is important to focus on efficient operations and high margins, as demonstrated by Volden Invest As.

Recommendation: Entrepreneurs should consider establishing themselves in Vormsund and focus on operating results and innovation to compete in a market expansion.

Outlook for the Accommodation Sector

Broader industry2 (accommodation):

• Number of companies: 9 (2025)
• Revenue: NOK 5.3M (2025)
• Number of employees: 20 (2025)
• Revenue growth: -2.0% (2024–2025)

Contrast with the hotel industry:

• The accommodation sector has more companies (9) compared to the hotel industry (2), but lower revenue (NOK 5.3M vs. NOK 2.2M in 2025).
• Peer companies in accommodation:
• Multum Holding As (camping): NOK 1.8M revenue, NOK 767.0K EBITDA
• Frognerstrand Camping As (camping): NOK 1.3M revenue, NOK 508.0K EBITDA
• Bøndernes Hus, Fenstad (short-term cabins): NOK 0 revenue, NOK 0 EBITDA

Conclusion: The accommodation sector has a larger company base, but the hotel industry has higher margins and stabilization after 2022. Entrepreneurs should consider opportunities for diversification within the accommodation sector.

The hotel industry in Nes municipality is a small but dynamic sector with two companies: Nes Villmarksforum As and Volden Invest As. The industry has been marked by large variations in revenue and employees, especially after the coronavirus pandemic, but shows signs of gradual recovery after 2022. Vormsund has a more stable and profitable operation compared to Årnes, which can be an advantage for new companies. For entrepreneurs, it is important to consider location, operating results, and innovation to compete in a market expansion. The accommodation sector has more companies, but the hotel industry has higher margins and stabilization after 2022. SmartGrunder can help entrepreneurs find suitable addresses in Nes municipality for the hotel industry.