In January 2024, there were 390,000 registered overnight stays in Iceland, which is a 13% decrease from January 2023 (450,000). Overnight stays in hotels were 282,600, which is a 10% decrease from January 2023.

Foreign overnight stays were 82% of overnight stays, or 320,000, which is a 10% decrease from the previous year (356,000). Domestic overnight stays were 70,000, which is a 26% decrease from January last year (94,000). Overnight stays in hotels and guesthouses were 316,000 while 74,000 were in other types of accommodation (apartments, cottages etc.).

There were 282,600 overnight stays in hotels in January, which is a 10% decrease from the previous year (312,400). There was a decrease in all regions, particularly in the Southwest region (-20%) and the North region (-18%), whereas it was less pronounced in the South region (-2%). There was a 10% decrease in the Capital region.

Foreign overnight stays at hotels were 235,100, or 83% of overnight stays, while domestic overnight stays were 47,500 (17%). Foreign overnight stays decreased by 8% and domestic overnight stays decreased by 18%.

The supply of hotel bedrooms increased by 4% from January 2023, at the same time the occupancy rate for hotel rooms decreased by 7.0 percentage points. There was a decrease in occupancy rates in all regions, particularly in the East region (-8.1) and the Capital region (-7.4).

In January, there were 69,000 estimated overnight stays through Airbnb, 11,000 with friends and relatives, and 1,200 in camper vans outside of registered campsites.

All numbers for 2023 and 2024 are preliminary, except for hotel data which is preliminary for January 2024. Due to abrupt changes in supply and occupancy rates, estimation for other types of accommodation than hotels is currently subject to a higher degree of uncertainty than usual and should therefore be taken with a special precaution until final numbers are available.


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