Foreign visitors expected to surpass locals in Iceland this year

Published on : Tuesday, December 19, 2017

indexIceland has become such a popular tourist destination that foreign visitors are expected to outnumber the local population by seven to one this year. The government of Iceland is now considering whether the scarcely populated island in the North Atlantic can accommodate more. “This sector is maturing and becoming a real industry in Iceland and with that of course come challenges that we need to be ready to tackle,” Thordis Kolbrun R. Gylfadottir, Iceland’s tourism minister, said in an interview in Reykjavik.

As many as 2.3 million people are expected to visit Iceland by the end of this year, or about 6,000-7,000 a day, up from nearly 1.8 million last year. Tourism is now Iceland’s biggest export and its second-biggest industry after wholesale and retail trade. In 2016, tourism accounted for 8.4 percent of gross domestic product.

Hence, with this importance of tourism as an industry in Iceland, a shock to tourism would be a “shock to the economy as a whole,” Sedlabanki said in its October Financial Stability report.

An idea recently being considered in Iceland is applying a special fee (the previous government called it a ‘nature pass’), whose proceeds would be used to finance the preservation of the island’s unique natural resources. The Iceland government is also open to greater foreign investment, now that capital controls have all but been removed.


Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 03 ITB Asia 2018
  • 09 ttfotm 2018
  • 10 Astana leisure 2018
  • 11 lodgingconference 18
  • 11 ttgincontri 2018
  • 12 plannersxtraordinaire 2018
  • 13 aite 2018
  • 13 bitf 2018
  • 14 Global Wellness Summit 2018
  • 14 SATTE 2019
  • 14 traveltechme 2018
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 19 bricsaconsulting 2018
  • 20 CITE_TTW 2018
  • 20 sahicsouthamerica 2018
  • 30 PATA


Get our toolbar!
Review on