The Hotel Industry in Ringsaker: Outlooks, Businesses, and Economic Trends

The hotel industry in Ringsaker has shown both stability and growth over the past few years, with an increase in the number of employees and revenue after 2024. In 2026, there are 207 employees in the sector, an increase of 22.5% compared to 2025. Revenue has also increased significantly, from 26.6 million NOK in 2024 to 41.2 million NOK in 2025. This indicates a strong recovery after previous declines, particularly in 2020 and 2021. At the same time, data shows that the industry is distributed across several neighborhoods in the municipality, with particularly active activity in Brumunddal and Sjusjøen.

Economic trends

The hotel industry in Ringsaker has experienced variations in revenue and number of employees over time. Revenue fell sharply by 32.6% from 2019 to 2020, but recovered with an increase of 15.5% from 2021 to 2022. In 2025, there was an extraordinary increase of 54.8% in revenue, indicating a strong recovery after the pandemic. The number of employees increased dramatically by 98.8% from 2024 to 2025, and continued with an increase of 22.5% in 2026. This may be due to increased tourism or investments in the sector.

Comparison with accommodation

The industry belongs to the broader category of accommodation, which has more companies (27) and higher revenue (73.5 million NOK in 2025). This shows that the hotel industry is an important part of accommodation, but not the only player. Competition from camping and short-term cabins can be a challenge, but also an opportunity for diversification.

Registered companies

In Ringsaker, there are 11 companies registered in the hotel industry. The most important companies include:

• Frich's Hotel & Spiseri Hamar As (Furnes): 101 employees, but no revenue reported.
• Frich's Hotel Og Spiseri Brumunddal As (Brumunddal): 55 employees, 45.8 million NOK revenue in 2023.
• Rustad As (Sjusjøen): 23 employees, 8.9 million NOK revenue in 2023.
• Frich's Motell & Spiseri Rudshøgda As (Rudshøgda): 22 employees, but with a negative EBITDA of -531,000 NOK in 2023.

Organizational forms

Most companies are organized as AS (5 companies), with a total of 215 employees and an average EBITDA margin of 0%. This suggests that many companies operate with low margins, which can be a challenge for future growth.

Distribution of activity

The hotel industry is distributed across several neighborhoods in Ringsaker, with the following development:

Brumunddal has the highest number of employees and revenue, while Rudshøgda has a negative EBITDA. This shows that some neighborhoods have a more stable economy than others.

The hotel industry in Ringsaker has not registered any bankruptcies in recent years, indicating relative stability. However, data shows that some companies have negative EBITDA, such as Frich's Motell Rudshøgda (-531,000 NOK in 2023). This may indicate economic challenges for certain companies, particularly in neighborhoods with lower revenue. At the same time, companies such as Frich's Hotel Brumunddal have shown positive development with high revenue and an EBITDA margin of 1%.

Outlook for entrepreneurs

The hotel industry in Ringsaker shows signs of a strong recovery after 2020, with a significant increase in revenue and number of employees. This can be a good starting point for new entrepreneurs, especially in neighborhoods such as Brumunddal and Sjusjøen, where high revenue has been registered. However, entrepreneurs should be aware of the economic challenges, such as negative EBITDA at some companies. It may be profitable to explore opportunities for diversification within accommodation, such as camping and short-term cabins, which are also present in the municipality.

Outlook for accommodation

The broader category of accommodation has 27 companies in Ringsaker, with higher revenue (73.5 million NOK in 2025) compared to the hotel industry (41.2 million NOK in 2025). This shows that accommodation includes more businesses, such as camping and short-term cabins, which can be competitors or complementary businesses for hotels. Examples of accommodation companies that are not hotels include:

• Sjusjøtunet Hytter Og Caravansenter As (camping): 5.3 million NOK revenue, 1 employee.
• Tretopphyttene As (short-term cabins): 6.3 million NOK revenue, 11 employees.

These companies have a higher EBITDA than many hotels, which may indicate better economic conditions. Entrepreneurs should therefore consider opportunities to combine hotel operations with accommodation services to increase competitiveness.

The hotel industry in Ringsaker has shown a strong recovery after 2020, with increasing revenue and number of employees. This suggests that the sector has potential for further growth, especially in neighborhoods such as Brumunddal and Sjusjøen. However, entrepreneurs should be aware of the economic challenges, such as negative EBITDA at some companies. It may be profitable to explore opportunities for diversification within accommodation, such as camping and short-term cabins, which are also present in the municipality. SmartGrunder can help entrepreneurs find suitable addresses in Ringsaker for hotel operations.