Other than the massive fishing industry, tourism is becoming increasingly important. Svolv�r is also a major transportation hub and favourite starting point for tourists visiting the Lofoten islands. Approximately 200,000 tourists visit Svolv�r each year.
A new 10-storey high combined culture scene and hotel with 160 rooms opened in March 2009. Many artists have been inspired by the unique light in Lofoten, and there are many artists and galleries in Svolv�r such as the Lofoten artists house and the Stig Tobiassen gallery.
There is also a well known World War II museum in town called the Lofoten Krigsminne museum. Whale watching tours depart from Svolv�r in late autumn and winter with a focus on Orcas (killer whales). Boat excursions to nearby Raftsundet strait and its famous branch Trollfjord is also arranged from Svolv�r.
Svolv�r also has a downhill skiing centre, driven solely by volunteers, Kongstind Alpinsenter. The centre has one lift, and off-piste possibilities
