What’s next? from tourism bubble to the future of business leadership in Iceland

Inga Minelgaite*, Svala Guðmundsdóttir, Árelía E. Guðmundsdóttir, Olga Stangej

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Just about the time when Iceland’s future could not have been more obscure and tenuous, a series of unplanned and unprecedented events brought a constellation of economic revival opportunities. As it is quite common for Iceland, given the proper context, the threats have turned into chances. The low-cost flight options from Europe and the United States, the immediate downfall of Icelandic krona in 2008, and the Eyjafjallajökull volcano eruption in 2010 all made Iceland a destination spot on the maps of many world travelers. These events gave rise to the tourism in Iceland that for decades was mainly considered to be only a secondary socioeconomic activity. In the aftermath of the crisis of 2008, tourism became an industry that gave new roots to economic revival and growth of the country. Nowadays, the ultimate arising question is, “What will be the next economic boom for Iceland?” This chapter synthesizes the insights of 13 experts on the tourism industry in Iceland, its role in the economy and in society in general, and the future possibilities it sets for leadership.

Original languageEnglish
Title of host publicationContributions to Management Science
PublisherSpringer
Pages69-77
Number of pages9
DOIs
Publication statusPublished - 2018

Publication series

NameContributions to Management Science
ISSN (Print)1431-1941
ISSN (Electronic)2197-716X

Bibliographical note

Publisher Copyright:
© 2018, Springer International Publishing AG, part of Springer Nature.

Other keywords

  • Iceland
  • Leadership
  • Tourism industry

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