Summary
December 2002 was part of Iceland's shoulder season. Foreign guests recorded 21,128 overnight stays in hotels, compared to 25,278 in December 2001—a -16.4% change year-over-year.
National hotel occupancy stood at 23.2%, down 4.0 percentage points from 27.2% in 2001. Foreign card spending totaled 0.7 billion ISK (0.0% YoY).
December 2002 in context
Foreign hotel nights for the year to date, January through December, reached 642,997, up 3.1% on the same period of 2001. Within 2002, December ranked 12th of the twelve months by foreign nights. Against the average for December over the five preceding years, this month came in ahead by 7.8%.
United Kingdom was the largest source market with 30.4% of foreign hotel nights, and the top three markets together accounted for 54.9%. Hotel occupancy of 23.2% means that share of available rooms was sold across the month; this is typical of Iceland's low season, when many rural hotels close and demand concentrates in Reykjavík. Spending figures are foreign card turnover reported by the Central Bank and exclude cash and purchases made before arrival.
Foreign Overnight Stays by Source Market
The top source markets for December 2002, ranked by overnight stays:
| Rank | Market | Nights 2002 | Nights 2001 | Change | Share |
|---|---|---|---|---|---|
| 1 | United Kingdom | 6,432 | 7,208 | -10.8% | 30.4% |
| 2 | United States of America | 2,799 | 4,016 | -30.3% | 13.2% |
| 3 | Norway | 2,362 | 2,273 | +3.9% | 11.2% |
| 4 | Germany | 1,713 | 1,893 | -9.5% | 8.1% |
| 5 | Sweden | 1,581 | 2,474 | -36.1% | 7.5% |
| 6 | Denmark | 1,539 | 1,746 | -11.9% | 7.3% |
| 7 | France | 854 | 953 | -10.4% | 4.0% |
| 8 | Netherlands | 740 | 596 | +24.2% | 3.5% |
| 9 | Japan | 649 | 1,040 | -37.6% | 3.1% |
| 10 | Other European countries | 568 | 766 | -25.8% | 2.7% |
Hotel Occupancy by Region
Regional hotel occupancy rates for December 2002:
| Region | Occupancy 2002 | Occupancy 2001 | Change |
|---|---|---|---|
| Capital Region | 36.9% | 39.6% | -2.7 pp |
| Total | 23.2% | 27.2% | -4.0 pp |
| West & Westfjords | 13.0% | 14.3% | -1.3 pp |
| East | 7.8% | 6.3% | +1.5 pp |
| South | 6.2% | 7.6% | -1.4 pp |
| North | 4.4% | 9.0% | -4.6 pp |
Foreign Card Spending
Total foreign card turnover in December 2002 was 675.85 million ISK (0.68 billion ISK), compared to 0 million ISK in December 2001.
This represents a 0.0% year-over-year change.
Domestic Tourism
Icelandic residents recorded 7,175 overnight stays in hotels in December 2002, down 1.2% from 7,263 in 2001.
Data Sources
- Overnight Stays: Statistics Iceland (Hagstofa Íslands) — foreign and domestic guest nights in registered hotels
- Occupancy Rates: Statistics Iceland — room occupancy as % of available hotel capacity
- Card Spending: Central Bank of Iceland (Seðlabanki Íslands) — foreign debit/credit card turnover