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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIcelanders in shock as tourism collapse halts economic miracle
https://www.sfgate.com/news/article/Icelanders-in-shock-as-tourism-collapse-halts-14031259.phpGudrun Asta Gunnarsdottir found herself at ground zero of Iceland's latest crisis. Four months into her second pregnancy, the 33-year-old check-in desk operator was told she was one of 315 workers being laid off at Reykjavik's international airport.
The news came as "a shock" and "caused a lot of sadness for everyone, especially because a lot of people are now looking for work at the same time," said Gunnarsdottir, who was able to return part-time to her airport job.
The collapse in March of Wow Air is sending ripples through the tiny north Atlantic island, whose spectacular recovery from financial collapse a decade ago was built to a large extent on attracting
Atlantic island, whose spectacular recovery from financial collapse a decade ago was built to a large extent on attracting foreign visitors, thanks in part to its location for the filming of popular television series like "Game of Thrones."
The sudden cut in supply caused by Wow Air's bankruptcy, coupled with high prices and a general drop in demand as a result of a global slowdown, mean the latest numbers look dire. Visitors plunged 24 percent in May from the same period last year and the all-important summer season is looking shaky. The central bank last month pulled the emergency lever to cushion the blow and delivered a half a point rate cut, while the government has pledged to boost stimulus if needed.
"We are prepared for the possibility of a deeper recession, and the numbers we are getting on tourist arrivals seem to indicate that that may happen," central bank Governor Mar Gudmundsson said in an interview in Dubrovnik.
GulfCoast66
(11,949 posts)If you can, you should go. It was amazing.
Their history is the most pragmatic of any nation I have visited.
Demovictory9
(32,448 posts)GulfCoast66
(11,949 posts)Believe what you read. Off the charts expensive. But we had an Air BnB so cooked at home enough to offset that cost. Grocery Store prices werent bad.
Im pretty well traveled and it was amazing.
Do you research and you can do it in an affordable manner.
druidity33
(6,446 posts)i have a severe aversion to seafood though. What was the food there like?
Botany
(70,489 posts)And what would it cost for 10 days to 2 weeks in country?
GulfCoast66
(11,949 posts)I live close enough to Orlando to fly direct on Ice Land air.
brooklynite
(94,501 posts)The Velveteen Ocelot
(115,673 posts)Thekaspervote
(32,754 posts)emmaverybo
(8,144 posts)a much cheaper way. Iceland might be catching on as a desirable spot to visit, but WOWs demise and some other factors are taking an economic toll.
GulfCoast66
(11,949 posts)It was great. WOW had a poor business model trying to be a low cost transatlantic airline.
Iceland Airs model is much more sustainable. And a decent if no frills airline for serving such a small airport. I normally fly Delta to Europe and Iceland Air is not in their category. But they dont suck.
But I agree, WOWs demise is going to hurt.
emmaverybo
(8,144 posts)JI7
(89,247 posts)everything i have been recently reading was talking about how they need to deal with rise in tourists.