With Fewer Tourists, Hotels Start Renting to Students Skip to content

With Fewer Tourists, Hotels Start Renting to Students

By Larissa Kyzer

Photo: Screenshot, Vísir.

In the absence of the multitudes of tourist multitudes who usually make their way to Iceland year-round, Reykjavík hotels and guesthouses are scrambling to fill their rooms by renting to students, Vísir reports.

Kex Hostel is planning to open its rooms to students this fall and is working with the National Union of Icelandic Students to set standardized monthly rates. Hótel Saga is offering rooms to students and teachers alike at a rate of ISK 150,000 [$1,090; €916] a month. B47 Hostel, located in the former Directorate of Health on Barónstígur in downtown Reykjavík, is also offering academic-year accommodations to students, with rates varying depending on the room. A shared room starts at ISK 70,000 [$508; €487] a month, while a single is ISK 110,000-120,000 [$799-872; €672-732] a month.

B47 proprietor Þorsteinn Steingrímsson is looking to put a special spin on his hostel-turned-dorm: “My idea here is to create a sort of student commune,” he explains. “And elsewhere in the building we have what I’m calling Baróns’ Akaademía. There I’m renting out the guesthouse to all kinds of scholars and people who can assist the students if they seek it out.”

So far, says Þorsteinn, the reception has been positive and he has every hope of filling the hostel with students this fall.

“This is like one big house,” he remarks. “There’s a homey atmosphere I think kids will appreciate since they can’t go downtown to bars and such.”

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