The price of holidays to Iceland have been slashed in the wake of the country’s economic meltdown. Package trips and flights have seen the most dramatic drop in price with industry insiders suggesting there is no better time to visit the north Atlantic island.
Sterling strong against Krona
The collapse of the Krona means that British tourists will now see their money go further when paying for items such as accommodation and food. Sterling is now almost two thirds stronger against the currency than it was earlier in the year. Exchange rates have been fluctuating between 165-200 Krona to the pound; at the beginning of the year the rate was more like 125 krona to the pound.
Airlines and tour operators have been cutting prices over the last week with national airline, Iceland Air, slashing prices for its short breaks. A return flight to Reykjavik with three nights accommodation in a three star hotel now starts from £199 – a £100 drop on the £299 price tag for this trip just over a week ago.
Discover the World, one of the largest tour operators to Iceland, taking an average of 8,500 travellers to the country each year, has said that holidays to Iceland are an ‘absolute bargain at the moment’. Managing director of the company, Clive Stacey, has predicted that holidaying in Iceland will be cheaper than it has ever been over the coming year, or at least until the currency and the economy stablises. He said: ‘There will certainly be large reductions on prices to Iceland over the next six months. I’ve never seen anything like this.
‘For the next 12 months I predict it will be cheaper than ever to travel to Iceland. My advice would be to travel there sooner rather than later.’
For anyone wishing to take advantage of the current situation and enjoy the unrivalled beauty of Iceland check out the Which? Holiday guide to Reykjavik. Our factfile can be found under Holiday guides 06-07. Click here
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