Danish Travel and Tourism Report Shows Growth

A report published by Fast Market Research called “Travel and Tourism in Denmark to 2017” shows us how “the performance of the Danish travel and tourism sector strengthened” in the past year, finally recovering from the downslide of the past few years that started as a result of the financial crisis back in 2009. Though domestic tourist volume is still lower than the 2008 figure of 24.9 million, at only 24.2 million last year, the gap is steadily closing and is expected to be higher at around 25.3 million by 2017.

There is good news all around despite the above figures, because though domestic tourist volume may not be at its highest, both inbound and outbound expenditure have increased with the total inbound expenditure reaching DKK31.2 billion (US$5.4 billion) in 2012.  The total outbound tourism expenditure is even higher, having increased from DKK56.7 billion (US$11.2 billion) in 2008 to DKK63.5 billion (US$10.9 million) in 2012. So it seems that the travelers are spending more money these days than they did a few years back.

 

And if you were wondering where all your money, as a tourist, is going – that would be in transportation and in accommodations. With tax rates at 25% for VAT in Danish hotels, it makes accommodations in the country pretty expensive. So the next time you come to Denmark to visit, you might want to couch surf with a friend or at least find a good budget hotel to accommodate your needs. 

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