Iceland tourism has seen a boom in the past two years, and it’s about to continue as demand for its luxury hotels, attractions and the culture continues to grow.
The country’s tourist industry is set to grow by around 20 percent in the next five years, as the country’s tourism ministry aims to attract more tourists to the country and boost its tourism industry, the latest figures from the ministry show.
A number of other factors are expected to boost the countrys tourism industry in the near future, such as the opening of new sites and facilities in Reykjavik, as well as new investments in the tourism sector, the ministry said in a statement on Friday.
Iceland is set for an annual growth of around 7.7 percent by the end of the decade.
Its tourism industry has grown at an average of 10 percent annually since 2012.
According to a report from consultancy firm KPMG, Iceland will be the fastest growing economy in Europe by 2020.
In 2015, Iceland hosted the first ever World Tourism Awards and the country hosted the third largest annual summits in the world, which also took place in Iceland.