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The hotel offer in Iceland after 2022 reached pre-COVID-19 levels, after having dropped significantly in 2020 and 2021. For instance, only ** hotels were operating in the Nordic country at the beginning of the pandemic. This figure went down to ** in January 2021. In the documented period, 2024 possessed the highest number of open hotels, with ***.Ìý

The hotel industry in Iceland

Iceland's hotel industry offered ** thousand rooms in 2022. Nearly half of them were in the country's capital, Reykjavik, where hotel occupancy exceeded ** percent in that same year. By contrast, the West/Westfjords region registered an occupancy below ** percent. Of all international tourists, German tourists stayed the longest in tourist lodgings in the Nordic country, with *** nights on average, followed by the French at *** nights.

Iceland's tourism demographics

Iceland’s international tourism experienced a remarkable boom in 2022, welcoming *** million visitors, marking a stark increase of *** percent compared to the previous year, nearly returning to pre-pandemic levels. The country's landscape attracts young adults for the most part. In 2022, travelers between 25 and 34 years of age accounted for around one-third of air arrivals, while the follwing age group (35 to 44 years) constituted the second-largest segment.