Liquidity problems in the tourism sector due to the coronavirus in Norway 2020

As a consequence of the coronavirus outbreak, several businesses in the travel and tourism industry in Norway are currently having liquidity problems. According to a survey conduced by the employers organization NHO Reiseliv, 64 percent of enterprises in this industry had difficulties paying bills in the beginning of April 2020. Two weeks later, however, the picture looks better for most industries. While 72 percent of businesses in the restaurant and nightlife sector had liquidity problems on April 2, the number dropped to 63 percent as of April 17. Conversely, more travel agencies seemed to face challenges with liquidity, as the numbers increased from 58 percent to 62 percent during the same period.

The first coronavirus (COVID-19) case in Norway was confirmed on February 26, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Share of businesses having liqudity problems in the traveling and tourism industry due to the coronavirus outbreak in Norway in 2020, by sector

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Source

Release date

April 2020

Region

Norway

Survey time period

April 2-17, 2020

Number of respondents

677 companies*

Special properties

Respondents are members of NHO Reiseliv

Supplementary notes

* Refers to the survey period from April 16-17, 2020. The source does not specify the date of the survey for April 2, 2020.

This is a member survey published by NHO Reiseliv, an organization of employers in the travel and tourism industry in Norway, with over 3,300 member companies. NHO Reiseliv is the largest travel and tourism association in Norway.

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Statistics on "Travel and tourism in Norway"

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