Finland is bracing for a new wave of tourism demand, but the country’s industry is at risk of being crushed by a wave of economic turbulence.
Finland’s tourism sector is in the midst of a renaissance and its economy is booming, but its economy has suffered a sharp drop in tourism spending since the global financial crisis.
A recent survey by a Helsinki-based think tank found that the share of the country that stays at home is on track to fall to 7 percent, its lowest level in decades.
The plunge in tourism activity is one of the main drivers behind the plunge in the countrys GDP growth in the third quarter.
Despite the economic slowdown, the Finnish tourism industry has been thriving.
The tourism industry employs about 2.4 million people, making up about 20 percent of the workforce.
“We are witnessing a very rapid rise in the number of tourists and a very sharp drop is occurring in the share in the national economy,” said Hennadiy Jaskulainen, the chairman of the Tourism Industry Board.
“This is an important part of our recovery strategy and will allow us to sustain the growth of our economy in the longer term.”
Despite these problems, Jaskutainen said the industry has done well over the past few years.
“It’s a good situation in Finland because we have a very robust and reliable infrastructure.
It’s the only part of the economy where we are still competitive,” he said.
However, the drop in the tourism sector has caused concerns among some industry experts that the country is in danger of falling into recession.
“Finland has always been a good tourist destination and I would say this is a temporary phase, not a permanent one,” said Jaskunen.
According to Jaskuainen and other industry officials, the tourism industry was hit hard by the financial crisis and the collapse in the euro zone.
“We need to be more aware of the effects that the financial collapse is having on the economy,” Jaskuden said.
“The impact of the crisis is not going to be felt for many years.”
According the Tourism Development Institute, a Finnish tourism association, Finland is the only Nordic country that is not experiencing a tourism boom.
With the financial and economic crisis slowing the economy, the government has been increasing tax revenue to fund the recovery.
Tourism in Finland is expected to increase 2 percent this year, compared to the 1.9 percent increase last year, according to a report by the government.
That means tourism spending is expected reach $17 billion by 2020.
But the decline in tourism in Finland has also resulted in some negative news for the government’s economic forecast.
In addition to the economic downturn, there has been a sharp decline in the percentage of tourists coming to Finland, from 36.5 percent to 28.6 percent.
That decline has come despite the country having one of Europes highest economic growth rates.
And while Finlandis still the country with the largest number of people living in hostels, it is the second most populous country, behind France.
It also has the largest population of people aged 25 to 54.
Meanwhile, Finland has one of its biggest economies in Europe.
Finland is home to more than 80 percent of all immigrants from the European Union, and the country has a high level of participation in the European refugee resettlement program.