Tourism Cluster

Iceland has unique landscapes and sites which draw tourists to the country. Lonely Planet has named Iceland and Reykjavik as its top destinations for 2012 and National Geographic has named Iceland’s Blue Lagoon Spa as one of the wonders of the world.

Tourism today is one of the fastest growing sectors in Iceland with passenger traffic coming through Keflavik International Airport growing by 12.7% between 2011 and 2012. The biggest visiting nationalities coming to Iceland are the US, UK, Germany, France, and the Scandinavian countries. The biggest increase in percentages came from Russia rising by 82% — Landsbanki research data shows that tourists from Russia are also the heaviest spenders.

Tourism represents 6.6% of GDP in Iceland and contributes to 19% of the export income. Foreign currency earnings from foreign tourists is growing with the growth of incoming tourists, equalling around $500 million in 2012. Reykjavik offers investors several interesting investment possibilities in tourism.

Website: Icelandic Tourism Cluster