Tourism is one of the fastest growing sectors in Iceland with incoming tourists going from 300.000 in 2003 to almost 1.800.000 in 2016.  Growth around 30% is expected for 2017. The biggest visiting nationalities are from USA,UK, Germany, France, Norway, Denmark and China. Tourism’s share of foreign exchange earnings has grown from 18.8% (2010) to expected 45% (2017) according to measurements on the export of goods and services. At present, tourism accounts for more foreign exchange income than the fisheries industry and aluminium production. Tourism in Iceland is focused around Reykjavik Capital Area with 95% of foreign tourists visiting the area. Reykjavik Capital Area offers investors several interesting investment possibilities in tourism.

In Reykjavik Capital Area there are around (2017)   6000 rooms. Thereof there are 465 to be build in 2017.  The downtown Reykjavik area is the most popular location but larger hotels are mostly located just outside of the downtown area.

For further information on the Tourism Economic Impact :


 –  Hotel Prospectus for Reykjavik 2016 –