Summary
November 2013 was part of Iceland's autumn/winter transition with increasing northern lights activity. Foreign guests recorded 107,854 overnight stays in hotels, compared to 86,881 in November 2012—a +24.1% change year-over-year.
National hotel occupancy stood at 52.5%, up 8.1 percentage points from 44.4% in 2012. Foreign card spending totaled 4.9 billion ISK (+17.3% YoY).
November 2013 in context
Foreign hotel nights for the year to date, January through November, reached 1,611,146, up 14.2% on the same period of 2012. Within 2013, November ranked 9th of the twelve months by foreign nights. Against the average for November over the five preceding years, this month came in ahead by 82.2%.
United Kingdom was the largest source market with 38.0% of foreign hotel nights, and the top three markets together accounted for 67.9%. Hotel occupancy of 52.5% 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 November 2013, ranked by overnight stays:
| Rank | Market | Nights 2013 | Nights 2012 | Change | Share |
|---|---|---|---|---|---|
| 1 | United Kingdom | 41,029 | 27,560 | +48.9% | 38.0% |
| 2 | United States of America | 27,676 | 19,785 | +39.9% | 25.7% |
| 3 | Germany | 4,511 | 4,686 | -3.7% | 4.2% |
| 4 | Norway | 4,210 | 6,470 | -34.9% | 3.9% |
| 5 | Sweden | 3,704 | 3,836 | -3.4% | 3.4% |
| 6 | Japan | 3,573 | 2,542 | +40.6% | 3.3% |
| 7 | France | 3,432 | 2,809 | +22.2% | 3.2% |
| 8 | Denmark | 3,005 | 3,955 | -24.0% | 2.8% |
| 9 | Canada | 2,571 | 837 | +207.2% | 2.4% |
| 10 | Netherlands | 2,308 | 2,049 | +12.6% | 2.1% |
Hotel Occupancy by Region
Regional hotel occupancy rates for November 2013:
| Region | Occupancy 2013 | Occupancy 2012 | Change |
|---|---|---|---|
| Capital Region | 71.5% | 61.2% | +10.3 pp |
| Total | 52.5% | 44.4% | +8.1 pp |
| Reykjanes | 40.5% | 43.1% | -2.6 pp |
| North | 26.6% | 26.3% | +0.3 pp |
| South | 24.3% | 18.9% | +5.4 pp |
| West & Westfjords | 19.4% | 13.8% | +5.6 pp |
| East | 13.9% | 9.4% | +4.5 pp |
Foreign Card Spending
Total foreign card turnover in November 2013 was 4,944.98 million ISK (4.94 billion ISK), compared to 4,215.14 million ISK in November 2012.
This represents a +17.3% year-over-year change.
Domestic Tourism
Icelandic residents recorded 29,821 overnight stays in hotels in November 2013, up 4.4% from 28,557 in 2012.
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