The Nordic region (Denmark, Finland, Iceland, Norway and Sweden) has emerged as a dynamic hub for hospitality innovation and technology. 

Leveraging its strong digital infrastructure, commitment to sustainability and collaborative ecosystem, the Nordics are at the forefront of transforming the global hospitality industry.

Let's explore some of the key players... 

Hospitality Ecosystem

1. Startups

Hospitality & Travel Tech
  • Landfolk (Denmark): A curated vacation rental platform founded by former Airbnb employees. Operating in Denmark, Norway, Sweden, Germany, Italy, and France.
  • Booknordics (Norway): An online marketplace offering over 3,000 quality-assured and handpicked adventures across the Nordic region.
  • Donkey Republic (Denmark): A purpose-driven impact company active in the micro-mobility industry.
  • Nordic Travel Group (Iceland): Wild Campers Iceland, Nordic Car Rental and Holiday Tours Iceland.
  • Nordic Tourism Collective: Independent, not-for-profit membership network for the Nordic travel and tourism industry.
  • Minut (Sweden): Helps operators to stay one step ahead of issues like smoking, noise and mold.
Restaurant Tech
  • Caspeco (Sweden) – Provides restaurant management software including POS systems, bookings, staffing and analytics.
  • Huuva (Finland) – Shared kitchen spaces for restaurants, enabling expansion through food delivery without opening new locations.

Global hospitality & travel startups.

2. Companies

Hotel Chains & Groups
  • Scandic Hotels. The largest hotel operator in the Nordic region, Scandic Hotels boasts a significant presence across Sweden, Finland, Denmark, and Norway.
  • Nordic Choice Hotels. A major player in the Nordic hotel industry, offering a diverse range of accommodations.
  • Nordic Hotels & Resorts. The largest collection of independent hotels in the Nordics, ranging from city hotels to mountain retreats.
  • Strawberry. A hospitality group with over 250 hotels across the Nordics, offering a variety of experiences.
  • Thon Hotels. A Norwegian hotel chain with a strong presence in Norway and Sweden, known for its quality service.
  • Elite Hotels. A Swedish hotel chain offering upscale accommodations in major cities.
  • First Hotels. A Nordic hotel chain with properties in Sweden, Norway, and Denmark, focusing on comfort and quality.
  • Sokos Hotels. A Finnish hotel chain with a wide range of properties across Finland and the Baltics.
Technology Leaders
  • Visit Group. Building a digital ecosystem for the travel and hospitality industry.
  • Etraveli Group. A flight technology provider, specializing in flight sales and offering flight content delivery.
  • Wolt Oy (Finland) – Food delivery platform connecting restaurants with customers efficiently across Nordic countries.

Global hospitality companies and brands.

3. Investors

  • Heartcore Capital: Based in Copenhagen, Heartcore Capital specializes in early-stage investments in technology-driven companies. Notably, they co-led a Series A funding round for Fora, a tech-forward travel agency, raising $13.5 million to enhance its platform and support its community of advisors.
  • Nordic Capital: A leading private equity investor, Nordic Capital focuses on developing successful market-leading businesses.
  • Hospitality Invest: Originating in Oslo, Hospitality Invest is a privately owned investment company engaged in acquiring and operating properties in Norway and Sweden.
  • Almi Invest: Almi Invest is Sweden's most active early-stage investor, providing funding to startups and small businesses across the country.
  • EQT Group & Ventures: EQT Group is a global investment organization with a strong presence in the Nordic region.
  • Infranode: Infranode invests responsibly and long-term in essential infrastructure in the Nordic region.
  • Nordic Foodtech VC: Nordic Foodtech VC invests in startups across the Nordic and Baltic regions, including Iceland.
  • Other investors: Etraveli Group (Sweden), Verdane (Norway), Kinnevik (Sweden), VNV Global AB (Sweden), Northzone (Norway), Creandum (Sweden).

Global hospitality and travel investors.

4. Accelerators

  • Nordic Travel Tech Lab:(Norway) –  A network connecting startups, the industry, investors, and public organizations.
  • XNordic Travel Contest – An initiative that maps tourism and travel-related startups across the Nordics.
  • Accelerace (Denmark) – One of the largest accelerators in Denmark, supports startups across various industries.
  • Copenhagen Capacity – Offers support and programs for tourism and hospitality startups in Copenhagen.
  • Vækstfonden / Danish Growth Fund – Occasionally runs programs and investment support for travel-related startups.
  • Katapult Accelerator (Norway) – Focuses on impact-driven startups, including those in tourism and hospitality.
  • Startup Norway – Runs various accelerators and programs that occasionally target travel and tourism tech.
  • Innovation Norway – Provides grants, loans, and accelerator support to startups in the tourism and hospitality sector.
  • SUP46 (Start-Up People of Sweden) – Has programs supporting hospitality and travel tech startups.
  • Stockholm Business Region – Offers programs and connections for travel and tourism startups.
  • Sting – Stockholm-based accelerator supporting various sectors including travel tech.
  • Kiuas Accelerator (Finland) – Focuses on growth-stage startups, including tourism-related ones.
  • Maria 01 (Finland) – A startup campus in Helsinki with programs that support travel and hospitality tech companies.
  • Business Finland – Runs funding and acceleration programs for innovative startups in tourism and hospitality.
  • Startup Reykjavik – Offers acceleration for early-stage startups including travel and tourism
  • Innovation Center Iceland – Supports startups in multiple sectors, including tourism tech.
  • The Icelandic Tourism Innovation Center – Focused on innovation in the travel and hospitality industry.

Global hospitality accelerators.

5. People 

  • Petter Stordalen. Founder and CEO of Strawberry Group. Prominent Norwegian hotelier and entrepreneur.
  • Stina Karlsson. As the hotel director of Eilert Smith Hotel in Stavanger. Led the property to a Michelin Key distinction.
  • Henrik Berghult. Chief Operating Officer at Nordic Hotels & Resorts. Plays a pivotal role in overseeing operations across the group's extensive portfolio of hotels.
  • Kai Pasma. Vice President of Hotel Operations at Nordic Hotels & Resorts, Kai Pasma brings a wealth of experience in both operational roles and destination development.
  • Richard Nodder. With over 18 years in the incoming tourism industry, Richard Nodder has worked with companies like Unique North Incoming and Nordic Tours in Aarhus.
  • Ásberg Jónsson. CEO and Owner of Nordic Visitor. Expanded the Icelandic travel agency with offices in Norway and Sweden.
  • Per-Arne Tuftin and Per Arne Friestad. Co-founders of Nordic Traveltech Lab.

Global hospitality people.

6. Events

  • Nordic Symposium on Tourism and Hospitality Research. Green Solution House, Rønne, Bornholm. Academic research and practical insights into tourism and hospitality, including technology, sustainability, and visitor experience.
  • Juniper Tech Club Nordics. Oslo, Norway. Innovation, networking, and technical expertise in the tech industry.
  • OpenText Summit Nordics. Vasagatan 28, Stockholm, Sweden. Exploring how AI, security, and cloud technologies are transforming information management.

Global hospitality events.

7. Schools

  • Niels Brock Copenhagen Business College. Offers a 3-year BA (Hons) in International Tourism and Hospitality Management. The program emphasizes sustainability and industry collaboration, preparing students for dynamic careers in tourism and hospitality
  • Aarhus University (Denmark). Provides a Bachelor's degree in International Hospitality Management, combining academic studies with practical experience through internships, focusing on hospitality and tourism business management
  • University of Stavanger (Norway). Ranked among the top universities in Europe for Hospitality and Hotel Management, offering comprehensive programs in service management and tourism
  • University of Bergen (Norway). Offers programs in hospitality and hotel management, providing a strong academic foundation for careers in the tourism industry
  • University of Tromsø – The Arctic University of Norway (UiT). Provides programs in hospitality and hotel management, focusing on the unique challenges and opportunities in Arctic tourism
  • Dalarna University (Sweden). Offers a Bachelor's degree in International Tourism Management and a Master's in Tourism Destination Development, focusing on sustainable tourism practices
  • Lund University (Sweden). Provides an MSc in Tourism Development and Culture, an Erasmus Mundus Joint Master Degree program, offering in-depth insights into tourism development and culture
  • Södertörn University (Sweden). Offers programs in Hospitality Management, focusing on urban tourism, hospitality management, and sustainable destinations
  • Seinäjoki University of Applied Sciences - SeAMK (Finland). Offers a Bachelor's degree in Hospitality Management, focusing on practical skills and industry collaboration .
  • Lapland University of Applied Sciences. Provides a program in Hospitality Management with a focus on tourism, emphasizing the unique aspects of Arctic and nature-based tourism
  • South-Eastern Finland University of Applied Sciences (SeAMK). Offers a Bachelor's degree in Tourism and Hospitality Business, focusing on sustainable tourism practices and business management
  • University of Iceland. Provides programs in tourism and hospitality management, focusing on sustainable tourism practices and the unique Icelandic tourism industry.
  • Reykjavik University. Offers programs in business and tourism, emphasizing innovation and entrepreneurship in the tourism sector.

Global hospitality schools.

8. Hubs

  • Copenhagen: Home to Tryp.com, a Denmark-based online travel agency that leverages artificial intelligence to create optimized multi-destination itineraries. Its platform combines flights, hotels, trains, buses, and attractions into affordable and personalized travel packages, catering largely to younger travelers.
  • Oslo: Hosts Fast Travel, a technology company specializing in taxi management solutions, particularly in high-traffic areas such as airports and train stations.
  • Uppsala: The headquarters of Etraveli Group, a leading travel technology company operating several online travel agencies and metasearch engines.
    Wikipedia
  • Stockholm: Known for OpenGeeksLab, a travel software company driving innovation in Scandinavian tourism.
  • Helsinki: A growing hub for travel tech startups, benefiting from Finland's strong emphasis on innovation and digital infrastructure.
  • Reykjavik: While smaller in scale, Iceland's capital is home to several boutique travel agencies and startups focusing on sustainable and experiential tourism.

Global hospitality hubs.

9. Government

  • Nordic Council of Ministers (NCM): The intergovernmental body for cooperation among Nordic countries, including tourism policy development.
  • Nordic Tourism Working Group (NTWG): Coordinates tourism initiatives across the Nordic region, focusing on sustainable growth and innovation. 
  • Tourism in the Nordics: A Nordic Innovation program facilitating cross-border collaboration on sustainable tourism practices.
  • VisitDenmark: The national tourism board, responsible for promoting Denmark as a travel destination.
  • Innovation Fund Denmark: Supports innovation in tourism through funding and partnerships.
  • Innovation Norway: The national tourism agency, which promotes Norway as a travel destination and supports sustainable tourism initiatives.
  • Norwegian Ministry of Trade, Industry and Fisheries: Oversees tourism policy and regulation.
  • Visit Sweden: The national tourism organization, responsible for marketing Sweden internationally.
  • Swedish Agency for Economic and Regional Growth (Tillväxtverket): Supports regional development and sustainable tourism projects.
  • Visit Finland: The national tourism board, promoting Finland's tourism offerings.
  • Finnish Ministry of Economic Affairs and Employment: Oversees tourism policy and development.
  • Visit Iceland: The national tourism agency, responsible for promoting Iceland as a travel destination.
  • Icelandic Ministry of Industries and Innovation: Oversees tourism policy and sustainable development.

Looking for global independent strategic advice to grow in the hospitality ecosystem? Join our hospitality accelerator7-star experience network or contact us