Industry · municipality
The Hotel Industry in Vindafjord: Current Situation and Future Prospects
A detailed analysis of the market, companies, and development trends
Executive Summary
Key Figures and Development
- Number of companies: 5
- Total number of employees: 35 (2026)
- Annual revenue (2026): NOK 1.6 million
- Annual result (2026): NOK -26.0K (for Ølen Gjestegård AS)
- Parent industry (accommodation): 13 companies in total
Development Trends
- Annual revenue: Largest increase in 2019 (+153.2 %), but fell by 53.1 % from 2024 to 2025
- Employees: Largest increase in 2022 (+100.0 %), but fell by 24.2 % from 2025 to 2026
- Parent industry (accommodation): Greater variation in revenue and employees than the hotel industry
Economic Overview
| Year | Annual Revenue (NOK) | Number of Employees |
|---|---|---|
| 2016 | 1.9M | 8 |
| 2017 | 1.7M | 9 |
| 2018 | 2.0M | 10 |
| 2019 | 5.1M | 16 |
| 2020 | 3.6M | 17 |
| 2021 | 3.9M | 16 |
| 2022 | 4.3M | 32 |
| 2023 | 4.5M | 35 |
| 2024 | 3.4M | 35 |
| 2025 | 1.6M | 33 |
| 2026 | 1.6M | 25 |
Development
- Annual revenue: Largest increase in 2019 (+153.2 %), but fell by 53.1 % from 2024 to 2025
- Employees: Largest increase in 2022 (+100.0 %), but fell by 24.2 % from 2025 to 2026
Companies in the Industry
| Company | Address | Legal Form | Number of Employees | Annual Revenue (2026) | EBITDA (2026) |
|---|---|---|---|---|---|
| Nesheimstunet AS | Saudavegen 7194, Nedre Vats | AS | 20 | 0 | 0 |
| Ølen Gjestegård AS | Dreganesvegen 7, Ølen | AS | 4 | 1.0M | -26.0K |
| Vikedal Kro Og Motell AS | Saudavegen 5075, Vikedal | AS | 0 | 580.0K | -819.0K |
| Ølen Hotell AS (2026) | Dreganesvegen 7, Ølen | AS | 0 | 0 | 0 |
| Ølen Hotell AS (2026) | Dreganesvegen 7, Ølen | AS | 0 | 0 | 0 |
Organisational Statistics
- AS: 2 companies, 24 employees, EBITDA -26.0K
Business Geography
| Location | Number of Companies | Number of Employees | Annual Revenue (2026) | EBITDA (2026) |
|---|---|---|---|---|
| Nedre Vats | 1 | 20 | 0 | 0 |
| Ølen | 4 | 4 | 1.0M | -26.0K |
Development by Location
- Nedre Vats: 1 company with 20 employees, but no revenue or EBITDA reported
- Ølen: 4 companies with total 4 employees, but one of them (Ølen Gjestegård AS) has negative EBITDA
Business Dynamics
- Bankruptcies: No bankruptcies reported for the hotel industry in Vindafjord
- EBITDA: Vikedal Kro Og Motell AS had a negative EBITDA of -819.0K in 2026
- Ølen Gjestegård AS: Has a negative result of -45.0K in 2026, even though revenue was 1.0M
- Nesheimstunet AS: No revenue or EBITDA reported in 2026
Outlook
Development for Founders
- Bankruptcies: No bankruptcies in the hotel industry, but some companies have negative EBITDA
- EBITDA: Vikedal Kro Og Motell AS had a negative EBITDA of -819.0K in 2026
- Ølen Gjestegård AS: Has a negative result of -45.0K in 2026, even though revenue was 1.0M
- Nesheimstunet AS: No revenue or EBITDA reported in 2026
Parent Industry Outlook
Development in Parent Industry (Accommodation)
| Year | Annual Revenue (NOK) | Number of Employees |
|---|---|---|
| 2016 | 2.8M | 11 |
| 2017 | 2.4M | 11 |
| 2018 | 2.9M | 14 |
| 2019 | 6.8M | 22 |
| 2020 | 3.8M | 23 |
| 2021 | 3.9M | 21 |
| 2022 | 4.4M | 35 |
| 2023 | 4.7M | 39 |
| 2024 | 3.6M | 40 |
| 2025 | 1.8M | 39 |
| 2026 | 1.8M | 32 |
Peer Companies in Accommodation
| Company | Industry | Address | Annual Revenue (2026) | EBITDA (2026) |
|---|---|---|---|---|
| Vikedal Camping AS | camping | 0, 5583 Vikedal | 218.0K | 653.0K |
| Søndenaastranden Camping AS | camping | Saudavegen 4988-90, 5583 Vikedal | 0 | 481.0K |
| Berit Tangjerd | short-term cabins | Dreganesvegen 307, 5580 Ølen | 0 | 0 |
| Hytteutleie Pluskat | short-term cabins | Nathaugvegen 34, 5582 Ølensvåg | 0 | 0 |
| Hytteutleie Weiss | short-term cabins | Nathaugvegen 20, 5582 Ølensvåg | 0 | 0 |
| Olalia/olabu Tourist Cabin | camping | 0, 5580 Ølen | 0 | 0 |
| Vikedal Gjesteheim | camping | Saudavegen 5063, 5583 Vikedal | 0 | 0 |
| Vikedal Gjesteheim Sigve Skeie | short-term cabins | Saudavegen 5063, 5583 Vikedal | 0 | 0 |
Contrast Between Accommodation and Hotels
- Number of companies: 13 in accommodation vs 5 in hotels
- Annual revenue: 1.8M in accommodation vs 1.6M in hotels in 2026
- Employees: 32 in accommodation vs 25 in hotels in 2026
Other companies in overnatting (not in hotel)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Vikedal Camping As | camping | 0, 5583 Vikedal | NOK 218.0K | 0 | NOK 653.0K |
| Søndenaastranden Camping As | camping | Saudavegen 4988-90, 5583 Vikedal | NOK 0 | 6 | NOK 481.0K |
| Berit Tangjerd | short stay cabins | Dreganesvegen 307, 5580 Ølen | NOK 0 | 0 | NOK 0 |
| Hytteutleie Pluskat | short stay cabins | Nathaugvegen 34, 5582 Ølensvåg | NOK 0 | 0 | NOK 0 |
| Hytteutleie Weiss | short stay cabins | Nathaugvegen 20, 5582 Ølensvåg | NOK 0 | 0 | NOK 0 |
| Olalia/olabu Turisthytte | camping | 0, 5580 Ølen | NOK 0 | 0 | NOK 0 |
| Vikedal Gjesteheim | camping | Saudavegen 5063, 5583 Vikedal | NOK 0 | 0 | NOK 0 |
| Vikedal Gjesteheim Sigve Skeie | short stay cabins | Saudavegen 5063, 5583 Vikedal | NOK 0 | 0 | NOK 0 |
Conclusion
The hotel industry in Vindafjord has shown both strong growth and challenges over time. With 5 companies and 25 employees in 2026, there is a clear decline from 2023, but the parent industry (accommodation) has shown better stability. For founders, there may be opportunities in accommodation, but the hotel industry has its challenges with negative EBITDA and declining revenue. SmartGrunder can help find suitable addresses and develop strategies to better leverage local conditions.