Iceland's Tourism Revolution

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  • Published: 05 June 2019
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    Animation by Josh Sherrington
    Sound by Graham Haerther (Haerther.net)
    Thumbnail by Simon Buckmaster

    Special thanks to Patreon supporters Adam Chelminski, Arkadiy Kulev, Charles Zilinski, Chris Allen, Connor J Smith, Daddy Donald, Etienne Dechamps, Eyal Matsliah, Hank Green, John & Becki Johnston, Kyle, MyNameIsKir, Plinio Correa, Qui Le, Remi_Scarlet, Tom Dooner, Tyler Hamm, and Vaughn Mudrick

    Music by epidemicsound.com
    Select footage courtesy the AP Archive

    References:
    [1] data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IS
    [2] fastcompany.com/40414742/a-plane-crash-a-glacier-an-entrepreneur-how-icelandair-opened-up-air-travel-for-everyone
    [3] isavia.is/en/corporate/about-isavia/reports-and-statistics/passenger-statistics/statistics-keflavik-airport/older-statistics; ferdamalastofa.is/static/files/ferdamalastofa/Frettamyndir/2018/mai/foreign-visitors-to-iceland-1949-2017.xls
    [4] tradingeconomics.com/iceland/currency
    [5] data.worldbank.org/indicator/ST.INT.ARVL?locations=IS
    [6] data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=IS
    [7] .unwto.org/content/why-tourism
    [8] arabianbusiness.com/uae-s-oil-dependency-fall-5-of-gdp-by-2021-581729.html; thenational.ae/business/economy/uae-economy-grew-1-7-in-2018-on-non-oil-sector-growth-and-higher-oil-prices-1.843335
    [9] government.ae/en/information-and-services/passports-and-traveling/statistics-and-most-visited-destinations; statista.com/statistics/674110/uae-international-tourist-arrivals/
    [10] thejakartapost.com/travel/2018/01/24/white-oil-saudi-arabia-seeks-place-on-tourism-map.html; alaraby.co.uk/english/indepth/2019/4/16/vision-2040-omans-ambitious-strategy-towards-a-post-oil-economy; worldpoliticsreview.com/trend-lines/24550/what-bahrain-s-huge-oil-and-gas-discovery-means-for-its-post-oil-agenda
    [11] icelandmonitor.mbl.is/news/politics_and_society/2019/04/12/immigrants_role_in_tourism_boom/
    [12] ferdamalastofa.is/static/files/ferdamalastofa/talnaefni/tourism-in-iceland-2018_2.pdf
    [13] travelweekly.co.uk/articles/295613/wow-air-passenger-numbers-jumps-by-nearly-two-thirds; isavia.is/en/corporate/about-isavia/reports-and-statistics/passenger-statistics/statistics-keflavik-airport/2017
    [14] bloomberg.com/news/articles/2019-05-22/iceland-slashes-interest-rates-to-battle-economic-downturn
    [15] isavia.is/en/corporate/about-isavia/reports-and-statistics/passenger-statistics/passenger-statistics
    [16] isavia.is/media/1/12-2018-tolur-fyrir-vefsiduna.pdf

Comments • 1 625

  • Joseph Pinkham
    Joseph Pinkham  2 hours back

    Faster than they can Bill Gates

    • R F
      R F  2 days back

      Oil is NOT finite. You're brainwashed, though.

      • Lucas Weber
        Lucas Weber  3 days back

        Thought it said ice lands terrorist revolution

        • Spenezzet
          Spenezzet  3 days back

          4:31 when you choke on chicken tenders

          • pine cone
            pine cone  5 days back

            uhhhhhh can i get melbourne to reykakldkwfsdfdsj whatever
            it'll take 34 hours but whatever

            • Addicted Robloxian
              Addicted Robloxian  1 weeks back

              4:31 how did he say that

              • Patrick Dooley
                Patrick Dooley  3 weeks back

                No one gonna comment how he pronounced the volcano. :'D

                • jbam
                  jbam  3 weeks back

                  Just keep replaying from 4:31

                  • H T Awesome
                    H T Awesome  4 weeks back

                    “In 2017, 1/3 of all passengers flew on Wow Air”

                    Me: Wow!

                    • Haohmaru HL
                      Haohmaru HL  4 weeks back

                      World: So how do you want to name the volcano?
                      Iceland: yes

                      • Kurt22
                        Kurt22  4 weeks back

                        “Iceland lost the 2016 Euros”
                        *Haha yeah but not before knocking out England*

                        • ⵉⵜⵔⵓⵏⴰⵓⵜ
                          ⵉⵜⵔⵓⵏⴰⵓⵜ  1 months back

                          > Is named Iceland yet isn't covered in ice.


                          **Reported for clickbait**

                          • Diana Andrade
                            Diana Andrade  1 months back

                            Iceland’s tourism= Instagram

                            • Teakwondo Chest
                              Teakwondo Chest  1 months back

                              I was in Iceland in 2014, most hotels and even restaurants would close after 25th of august and there werent taht many tourists.

                              I wanted to go again in 2019 and prices basically doubled.

                              I‘ve spent 3500€ for a 15 day vacation including rental car, in 2018 the car alone would have costed me half of that.

                              Iceland went from a pretty cheap country where you can enjoy loneliness to an expensive country where there are crowds of humans everywhere, unless you drive to the outer fringed of the country like I did in 2014

                              • Anthonyzzz
                                Anthonyzzz  1 months back

                                DANGEROUS CHANNEL - this video popped into my recommendations - it's taken me 4 days to escape

                                • Matthew Fair
                                  Matthew Fair  1 months back

                                  The airport is currently being renovated so that may explain some of the decrease

                                  • 420sw3g
                                    420sw3g  1 months back

                                    The volcanic clap made them famous!

                                    • Kampfuchs
                                      Kampfuchs  1 months back

                                      Banana Republic of tourism..

                                      • Elvijs Lasis
                                        Elvijs Lasis  1 months back

                                        "Want to see it once" (maybe from Euro/World cup alone) might turn into - "Revisit? Not sure... maybe something else". Part of tourism that really can make business difficult (as historical data can be wrong about next year)

                                        • On Wheels
                                          On Wheels  1 months back

                                          Good to know Iceland tourism collapses, because until recently it was hugely expensive and even remote, inaccessible places were completely overcrowded, mostly thanks to Instagram.

                                          • Jacob P
                                            Jacob P  1 months back

                                            The rise of tourism in New Zealand is very similar to Iceland. We are far far away from anyone, originally just a meat and dairy economy now we have a massive tourism economy, thanks to Hollywood blockbuster films like Lord of the Rings, The Hobbit, Narnia, The Last Samurai and much more.... All we have to thank is our natural beauty. **** hinting at a next video suggestion. Fyi Auckland is pronounced Orcland like the lotr orcs.

                                            • Napster2002 . aspx
                                              Napster2002 . aspx  1 months back

                                              I was thinking, Iceland should invest in Internet server housing. Cold places like Norway have done that, because the natural cold helps reduce costs for cooling the giant server farms.

                                              • Trekky
                                                Trekky  1 months back

                                                The fuck, I'd NEVER want to go to the south pole

                                                • Weaver Bird
                                                  Weaver Bird  2 months back

                                                  One word : PLANES ✈✈✈

                                                  • Top 10
                                                    Top 10  2 months back

                                                    Make similar video about Nepal

                                                    • Chris Findley
                                                      Chris Findley  2 months back

                                                      Iceland became too expensive for my budget dollars. I’d love to go but will have to hope that the cost of staying and eating there will go down.

                                                      • Anemoi
                                                        Anemoi  2 months back

                                                        'Oil is finite '

                                                        • Sonny Nguyen
                                                          Sonny Nguyen  2 months back

                                                          This video sucks

                                                          • John Langdon
                                                            John Langdon  2 months back

                                                            As far as airport traffic decreasing, keep in mind Wow Air started fleet reductions and route cancellations/downgrading months before their closure. This is probably a big contribution to the decreasing pax in the beginning of 2019.

                                                            • Trist Monster
                                                              Trist Monster  2 months back

                                                              Bgiy

                                                              • Fredr C
                                                                Fredr C  2 months back

                                                                "One of the things that a lot of Icelanders would have learned is quantitative finance." Smooth..

                                                                • Floosh
                                                                  Floosh  2 months back

                                                                  5:19 : N word

                                                                  • QuarioQuario54321
                                                                    QuarioQuario54321  2 months back

                                                                    I wish to make Iceland one of the poorest places on Earth

                                                                    • Y. Shaked
                                                                      Y. Shaked  2 months back

                                                                      Why are we suddenly talking about Dubai, Qatar and the region?

                                                                      • Luis Escamado Nhamue
                                                                        Luis Escamado Nhamue  2 months back

                                                                        I loved the thing of taking and puting zeroes. Maginificent.

                                                                        • leonard Langner
                                                                          leonard Langner  2 months back

                                                                          Better send the foreigners away now. They are not needed there anymore.

                                                                          • BB B
                                                                            BB B  2 months back

                                                                            its all about the $$$$$$$$$$$$$$$$$$

                                                                            • Jh Zhou
                                                                              Jh Zhou  2 months back

                                                                              During the volcano eruption, How did reporters flocked to Iceland when at the time every single flight in and out of the country was cancelled ?

                                                                              • thoseguysactual
                                                                                thoseguysactual  2 months back

                                                                                Tourism is slowing because Iceland is just too bloody expensive. Period. It is no longer a viable "vacation getaway".

                                                                                • Erik Swanson
                                                                                  Erik Swanson  2 months back

                                                                                  I'm surprised you didn't mention that stopover deals that Iceland Air was offering. I even saw it painted on one of the planes in your footage. That is how we ended up visiting Iceland.

                                                                                  • On The Road Again with Vinny

                                                                                    Iceland is expensive - HAPPY HOUR in 2016 - 1 beer (500ml) and a small wine = £14.50 - CRAZY. Most UK visitors only go for long weekends. I took my car from the UK (via Hirtshals in Denmark) and drove the ring road - what a fantastic experience.

                                                                                    • ErinN
                                                                                      ErinN  2 months back

                                                                                      Is that a left handed handshake at 0:50 ?? It looks so wrong!!

                                                                                      • John Sun
                                                                                        John Sun  2 months back

                                                                                        Got a $29 one way flight ticket from wow airlines to have chance to visit there.
                                                                                        Unfortunately, Wow airlines collapsed after 9 months.
                                                                                        BTW, lot of financial criminals there...

                                                                                        • Mario Stinger
                                                                                          Mario Stinger  2 months back

                                                                                          Go visit Iceland, before climate change makes it Heatland.

                                                                                          • Matthew Barber
                                                                                            Matthew Barber  2 months back

                                                                                            Iceland needs to open up it's skies to the big European low cost carriers!

                                                                                            • j
                                                                                              j  2 months back

                                                                                              Iceland- bailed out their homeowners instead of the banks in 2008. Imagine our society if only hadn't wasted 20 years on Sand Wars and Diversity

                                                                                              • R.L.S. Studios
                                                                                                R.L.S. Studios  2 months back

                                                                                                I been to Iceland before.

                                                                                                • SomethingWentWrong
                                                                                                  SomethingWentWrong  2 months back

                                                                                                  Well you need planes to get to iceland, thank you for this vid.