wow radir

WOW air sees a drop in load factor

Icelandic low-cost carrier WOW air saw an 8% drop in its load factor in January 2019 compared to the same time period last year. This despite decrease in available seats and an indication of lower ticket prices. Although WOW air is listed as a private company, the airline does release monthly traffic numbers on its website. … Lesa meira

Visitor numbers in Iceland drop by 5.8%

139,055 foreign tourists visited Iceland in January, according to statistics compiled by the Icelandic Tourist Board. That’s 8,514 fewer visitors compared to January 2018, a decline by 5.8% between years. Isavia, which oversees airport operations in Iceland, had earlier predicted 147,114 foreign visitors in January this year, a decline by 0.3%. Scheduled flights to Keflavík … Lesa meira

Hotel rooms in Reykjavík cheaper than they were a year ago

The average price of a hotel room in Reykjavík in January was roughly 10 Euros cheaper than in January last year. According to hotel comparison website Trivago, the average price for a standard double room in Reykjavík in 2017 was 134 Euros, whereas now, it’s 124 Euros. The most likely explanation to this 7.5% decrease in hotel … Lesa meira

Airport transport in Iceland much cheaper than before

Three companies offer transport between Keflavík International Airport and Reykjavík: Airport Direct, Airport Express, and Flybus. Currently, Airport Direct and Airport Express seem to be engaging in a price war as the two companies have greatly reduced their ticket prices. Roughly a year ago, Airport Direct was allotted a designated pick-up spot in front of … Lesa meira

Iceland welcomed 2.3 million international tourists in 2018

If you’re flying to Iceland, in all likelihood you will be landing at Keflavik Airport, situated 45 km (30 miles) from Reykjavik, the capital. Therefore, the main official counting of tourists in Iceland is conducted at the airport and the results for last year showed that the number of foreign visitors in Iceland grew to … Lesa meira

Island seljalandsfoss taylor leopold

Number of foreign workers in tourism sector continues to grow

Foreign workers now make up 30% of the tourism sector’s labour force, according to statistics gathered by Statistics Iceland (Hagstofa Íslands). In 2011, foreign workers made up 15% of the industry’s labour force. 35 thousand people worked in the travel and tourism sector this summer, half of whom were women. The report also reveals that a large number … Lesa meira

Airbnb loosing share in Iceland

Airbnb’s growth in Iceland over the past years has been swift, with Icelandic Airbnb hosts making the highest profits in 2017 in the world. However, according to Statistics Iceland, booking rates dropped between July and September this year. These statistics are not only bound to Reykjavík as Airbnb booking rates have dropped in other parts … Lesa meira

Business worsens for tourism companies in rural areas

Conditions under which Icelandic tourism businesses are operating have changed to the worse in the past years. Many local businesses price their services in a foreign currency, the Euro being the most common. The value of the Euro in relation to the Icelandic króna fell by 12.8% between the start of 2015 and the end … Lesa meira

Oversea visitor numbers expected to slow down

Arion bank forecasts that oversea visitor numbers will slow down considerably in coming years. The bank regularly publishes an analysis of the Icelandic tourism sector and in the most recent one they estimate a 1.4% increase in visitor numbers for 2019 and a 2.4% increase in 2020. Arion bank does not predict a surplus in … Lesa meira

icelandair wow

Icelandair Group’s acquisition of Wow air cancelled

The acquisition of Icelandair Group of Wow air has been cancelled. Both parties agree on this outcome according to statement issued this Thursday morning. Icelandair Group hf. issued a stock exchange release last Monday, November 26th, stating that the company estimated that it would be unlikely that all of the conditions in the share purchase … Lesa meira