Overnight stays at hotels in March 2017 increased by 17%, compared to March 2016. Foreign visitors accounted for the vast majority of overnight stays, 88% in March, similar to previous months. The total number of overnight stays over the past 12 months, April 2016-March 2017 increased by 32% compared to the previous 12 month period.
Slower growth in March
According to figures from Statistics Iceland the year-over-year increase is smaller than at the same time last year, when the number had jumped by 34%, compared to the year before. The year-over-year increase is also significantly lower than in previous months, February saw a 21% increase over the previous year, January saw a 43% increase and December a staggering 56% year-over-year increase.
Read more: Construction of new hotels in Reykjavík continues apace: 50% more hotel rooms by 2020
The occupancy rate for bedrooms in hotels increased in March compared to March 2016. This year the ratio was 73.3%, an increase of 4.3 points from March 2016, when it was 69.0%. The occupancy rate for bedrooms was highest in the capital region, or 91.1%.
Overnight stays at hotels in March 2017 increased by 17%, compared to March 2016. Foreign visitors accounted for the vast majority of overnight stays, 88% in March, similar to previous months. The total number of overnight stays over the past 12 months, April 2016-March 2017 increased by 32% compared to the previous 12 month period.
Slower growth in March
According to figures from Statistics Iceland the year-over-year increase is smaller than at the same time last year, when the number had jumped by 34%, compared to the year before. The year-over-year increase is also significantly lower than in previous months, February saw a 21% increase over the previous year, January saw a 43% increase and December a staggering 56% year-over-year increase.
Read more: Construction of new hotels in Reykjavík continues apace: 50% more hotel rooms by 2020
The occupancy rate for bedrooms in hotels increased in March compared to March 2016. This year the ratio was 73.3%, an increase of 4.3 points from March 2016, when it was 69.0%. The occupancy rate for bedrooms was highest in the capital region, or 91.1%.
