Monday 11 May 2009

Booming business for The Three Overcoats



ICELAND - It's good to see that the depreciation of the Icelandic Krona against most other currencies has meant an increase in international tourist arrivals.

Never the cheapest country in the world (we were taken aback on our first visit to this wonderful country a few years ago when we discovered that a taxi from Keflavic Airport to central Reykjvik would set us back more than USD200) the falling currency has meant that a visiting Iceland can be done without taking out a second mortgage.

One year ago, US$1 bought 75 ISK but today US$1 buys 125 ISK, much to the enjoyment of foreign visitors to the country.

In April 2009, more Swiss, German and American tourists visited Iceland than in in the same period in 2008, with an increase of over 6%, according the Iceland Tourist Board.

Political leaders and economists alike consider tourism to be a key industry to help Iceland on its way to economic recovery after the country’s bank collapse last October.

Footnote: Reykjvik is home to one of our favourite restaurants in the world - the fantastically named "The Three Overcoats". Wonderful.


2 comments:

  1. Hope you didn't have any of the rotten shark at your three overcoats! I had this once. Never again!

    ReplyDelete
  2. No but we did have the seagull!

    ReplyDelete

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