Tourism with increasing relevance for Iceland in 2013

As Statistics Iceland reported on Thursday, Iceland continues to be attractive for tourists and foreign visitors. In November 2013 the amount of overnight stays in hotels increased by 20%, resulting in all-time high of 138,000. Despite summer time being the main season for tourism in the country, the positive reputation of Iceland’s environment seems to positively affect the touristic activities in the winter months as well. So far, overnight stays have already exceed the total amount of 2012, making 2013 to the most successful year ever. In fact, the annual amount of foreigners staying in Icelandic hotels almost doubled in the last 8 years.

As for the moment, there is no decline or negative impact observable, mainly because the value of the Icelandic Krona continuous to make longer visits affordable and because the country’s sights still have not lost their attractiveness to people from all over the world.

This leads to an increasing importance of the sector for the whole economy, which is very much appreciated in the healing process after 2008. In average, the tourist industry contributed 3.7% during the period 2005 – 2011, as the Central Bank of Iceland reports. 

 

Source: Statistics Iceland, January 2014

Source: Statistics Iceland, January 2014