How Iceland's Tourism Bubble Deflated
A sign near Iceland's Fjadrárgljúfur Canyon, which saw a dramatic increase in visitors after it was featured in a 2015 Justin Bieber music video. Alexi Horowitz-Ghazi hide caption
A sign near Iceland's Fjadrárgljúfur Canyon, which saw a dramatic increase in visitors after it was featured in a 2015 Justin Bieber music video.
Alexi Horowitz-GhaziIn the second episode of our two-part series on Iceland, we explore how the unlikely combination of a volcano, a budget airline, and social media led to a tourism boom that helped the country recover from a financial crisis. But the massive influx of foreign visitors proved to be both a blessing and a curse, jeopardizing many of the natural wonders that it made Iceland such an appealing destination in the first place.
Today on The Indicator, we look at the boom and bust cycle that has characterized the Icelandic economy for decades, and which may be leading the country into yet another recession.
Music: "Hjartað Hamast (Bamm Bamm Bamm)", "Í Gær", "Svefn-G-Englar"
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