A new report by Iceland Travel Guard has found that the country’s tourism sector is facing a shortage of people and equipment due to a lack of foreign investment and the aging population.
The report, which was commissioned by Iceland’s National Tourism Authority, also warned that the situation is only getting worse and that the nation is facing an uncertain future as a result.
“The industry faces the highest risks of a sharp decline in visitors due to the lack of investment, as well as a decline in tourist spending due to an aging population,” the report said.
The report comes as the Icelandic government announced a plan to phase out foreign currency in tourism services by 2022, in a bid to encourage foreign tourists to return home.
It is not clear whether this plan will include any changes to the system that currently allows foreign tourists and citizens to pay in Icelandic krona.
Iceland’s tourism economy, which employs over 13,000 people, has experienced a number of economic crises since the 2008 financial crisis.
The Icelandic government has been working to shore up tourism revenue by hiking prices and cutting staff, and has also slashed its national minimum wage, which has remained at just over €1.50 per hour.
However, Iceland is still not immune to the impact of the crisis, with the economy now suffering from an over-supply of staff, a shortage in staff, staff shortages and a severe shortage of foreign tourists.
Although the economic situation is worsening, Iceland remains one of the world’s best tourist destinations, and the country is seen as a gateway to Europe for foreign visitors.
According to a recent Eurostat survey, Iceland’s overall tourism revenue is estimated at nearly €3.5 billion ($4.1 billion).
In 2018, the Icelandic tourism industry was valued at over €4 billion, and tourism officials said that it is expected to continue growing as a part of the economy’s overall recovery.
According to Iceland’s Tourism Authority (ÞVýs), there were 8,935 foreign tourists in Iceland in 2017, and there are plans to increase the number of foreign visitors by 30% over the next five years.
The agency also expects the number to grow to 18,000 visitors by 2022.
While the report’s conclusions do not suggest a solution to the situation, the report highlights the importance of tourism in the country.
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