The economic impact of international tourism in Iceland /

• Main Author: Óladóttir, Oddný
• Other Authors: Milne, Simon (advisor)
• Format: Thesis
• Language: English
• Published: McGill University 1992
• Subjects: Tourism > Iceland; Iceland
• Online Access: http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=56954

This thesis represents a systematic attempt to analyse the economic impact of international tourism in Iceland. While tourism has long been seen as an important source of foreign exchange and employment for the country very little detailed information is available on the role that the industry plays in the national economy. To fill this 'information gap' two questionnaires were used to gather data on tourist expenditure characteristics and the cost and revenue structures of various tourism businesses. This data was then analysed using a simplified multiplier model. A series of findings are presented, including: the economic impacts associated with various 'tourist types': the ability of different tourism businesses and sectors to generate local income and employment, and; the links that exist between the industry and the rest of the economy. Each of these data bases is then used to provide an overview of future policy options facing the Icelandic government. The research reveals that international tourism plays a major role in the Icelandic economy and is potentially an important tool for regional development. The data provides an important foundation upon which future tourism development strategics and research can be based.