In February 2024, there were 561,000 registered overnight stays in Iceland, which is a 2.5% decrease from February 2023 (575,000). Overnight stays at hotels were 372,700, which is a slight increase from February last year.

Foreign overnight stays were 79% of overnight stays, or 443,000, which is a 2.7% decrease from February 2023 (455,000). Domestic overnight stays were 118,000, which is a 1.9% decrease from the previous year (120,000). Overnight stays in hotels and guesthouses were 429,000 while 132,000 were in other types of accommodation (apartments, cottages etc.).

There were 372,700 overnight stays in hotels in February, which is a 0.3% increase from the previous year (371,700). There was an increase in the East (24%), South (9%) and West and Westfjords regions (8%), while there was a particularly strong decrease in the Southwest region (-24%). Overnight stays in the Capital region were virtually unchanged between years.

Foreign overnight stays at hotels were 305,000, or 81.8% of overnight stays, while domestic overnight stays were 67,700 (18.2%). Foreign overnight stays were relatively unchanged from last year, while domestic overnight stays increased by 1.3%.

The supply of hotel bedrooms increased by 1.2% from February 2023, while the occupancy rate for hotel rooms decreased by 3.7 percentage points. There was an increase of 1.5 percentage points in occupancy rates in the West and Westfjords. In other regions, occupancy rates were either relatively unchanged or decreased, particularly in the Southwest region (-9.4) and the North region (-7.9).

In February, there were 82,000 estimated overnight stays through Airbnb, 12,000 with friends and relatives, and 3,000 in camper vans outside of registered campsites.

All numbers for 2023 and 2024 are preliminary, except for hotel data which is preliminary for February 2024. Due to abrupt changes in supply and occupancy rates, estimation for other types of accommodation than hotels is currently subject to a higher degree of uncertainty than usual and should therefore be taken with a special precaution until final numbers are available.


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