Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#26 In EuropeBusiness
#24 In EuropeEmployees
#29 In EuropeWages
#22 In EuropeThe Hotels & Holiday Accommodation in Iceland ranks 26 in Europe with regards to its 2024 revenue (€871.2m). Revenue received by operators in Iceland has been moderate in volatility over the past five-year period, with the average annual change in revenue (2.1 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Hotels & Holiday Accommodation industry in Iceland in 2024?
The market size of the Hotels & Holiday Accommodation industry in Iceland is €871.2m in 2024.
How many businesses are there in the Hotels & Holiday Accommodation in Iceland industry in 2024?
There are 1,888 businesses in the Hotels & Holiday Accommodation industry in Iceland, which has grown at a CAGR of 8.9 % between 2019 and 2024.
Has the Hotels & Holiday Accommodation industry in Iceland grown or declined over the past 5 years?
The market size of the Hotels & Holiday Accommodation industry in Iceland has been declining at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Hotels & Holiday Accommodation industry in Iceland over the next 5 years?
Over the next five years, the Hotels & Holiday Accommodation industry in Iceland is expected to grow.
What are the biggest companies in the Hotels & Holiday Accommodation market in Iceland?
The biggest company operating in the Hotels & Holiday Accommodation market in Iceland is InterContinental Hotels Group plc
What does the Hotels & Holiday Accommodation in Iceland include?
Economy hotels and Midscale hotels are part of the Hotels & Holiday Accommodation industry.
Which companies have the highest market share in the Hotels & Holiday Accommodation in Iceland?
The company holding the most market share in Iceland is InterContinental Hotels Group plc.
How competitive is the Hotels & Holiday Accommodation industry in Iceland?
The level of competition is low and steady in the Hotels & Holiday Accommodation industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Caravan & Camping Sites in Iceland
- Restaurants & Takeaways in Iceland
- Pubs, Bars & Coffee shops in Iceland
Complementors
- Passenger Air Transport in Iceland
- Travel Agencies in Iceland
Table of Contents
About this industry
Industry definition
provide daily cleaning, bed-making and other extras, including laundry, parking and food and drink services. The industry also includes short-term holiday accommodation (e.g. holiday villages, vacation homes, hostels and cottages), which provide minimal complementary services, if any. It doesn’t include serviced apartments or apartments for more permanent use. Campgrounds and caravan parks are also excluded.
What's included in this industry?
Economy hotelsMidscale hotelsUpscale hotelsLuxury hotelsVacation homes and apartmentsHoliday villagesHostels, cottages and guesthousesIndustry Code
551 - Short term accommodation activities in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Hotels & Holiday Accommodation in Iceland
- Employees in the Hotels & Holiday Accommodation in Iceland
- Business in the Hotels & Holiday Accommodation in Iceland
- Profit in the Hotels & Holiday Accommodation in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Hotels and holiday accommodation providers must adhere to various regulations. Health and safety rules and laws on serving food and beverages contribute to a moderate level of regulation.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Hotels & Holiday Accommodation in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
COVID-19 cuts into profit. Restrictions imposed during the COVID-19 pandemic left accommodation providers unable to generate much revenue, meaning operating costs, like wages and debt, weighed on their returns.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Hotels & Holiday Accommodation in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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