Revenue from foreign tourists during the fourth quarter of 2023 was 110 billion ISK compared with the same period last year when it was 98 billion ISK. Revenue from foreign tourists has increased by 31% between the years 2022 and 2023, from 454,5 billion ISK to 597,7 billion ISK.

Employment in the tourism industries in Iceland was 28.638 in January 2024, an increase of 4% compared with January 2023. In the 12-month period from February 2023 to January 2024, an average of 32,211 individuals worked in the tourism industry compared with 29,128 in the previous 12-month period.

Turnover according to VAT reports in Icelandic tourism sectors was 121,5 billion ISK in the 2023, an increase of almost 13% from previous year.

Overnight stays in hotels in January 2024 were 282,570 compared with 312,439 in January the year before. The number of overnight stays by Icelanders were 47,467 (-18%) and the number of overnight stays by foreign guests were 235,103 (-8%). In February, there were 193,262 departures of passengers from Keflavik airport compared with 176,036 in February 2023. Departures of passengers with foreign citizenship were 153,360 compared with 137,077 a year earlier.

This release includes updated statistics on turnover by VAT reports, revenue from foreign tourists, overnight stays and register based employment. Also updated are statistics on rental cars from the Icelandic Transport Authority, traffic statistics from the Icelandic Road and Coastal Administration, passengers count by nationality from the Icelandic Tourist Board and passengers’ statistics through Keflavik Airport along with traffic statistics published by ISAVIA.

Short term indicators in tourism
Passengers through Keflavik airport
Average daily traffic count on major roads

Further Information

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