Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

World News

Greenland sees tourism boost following Trump’s attention and new airport

by admin March 22, 2025
March 22, 2025
Greenland sees tourism boost following Trump’s attention and new airport

Ivik Knudssen-Ostermann, whose company runs boat tours to see Greenland’s glittering blue icebergs, says his bank has told him to expand ahead of an expected influx of tourists after US. President Donald Trump put the island in the global spotlight.

Trump’s comments, coupled with the opening of a new international airport in the capital Nuuk, have already boosted arrivals and more are expected.

“Already now, we are getting many more bookings than we have received earlier, especially because of a man with the last name of Trump. He has really put Greenland on the map once again,” Knudsen-Ostermann, operator of Greenland Cruises, said, standing on the dock of an ice-packed harbor.

Greenland became the focus of international attention in January when Trump’s son, Donald Trump Jr., arrived at the newly opened Nuuk airport.

Since then, the US president has doubled down on his pledge to make the Arctic island part of the United States, as he eyes its vast wealth of rare earth minerals critical for high-tech industries.

Greenland is hoping new airports will bolster its tourism and mining industries to diversify the economy, which is currently reliant on fishing for 95% of its exports.

The country’s vast ice sheet, glaciers, deep fjords and abundance of marine life, including whales, are the key attractions, while pride in the local Inuit culture is also growing.

The opening of the airport in Nuuk in November last year has made travel to the island easier. United Airlines is set to begin direct flights from New York to Nuuk in June, replacing the previous route which required tourists to fly via Copenhagen and transit at the former U.S. military base Kangerlussuaq.

Ilulissat, Greenland’s main tourist hub known for its UNESCO-listed ice fjord, is also due to open a new international airport in 2026, while another international airport is under construction in Qaqortoq in southern Greenland.

“We will see quite a significant growth this summer already,” said Jens Lauridsen, CEO of Greenland Airports.

While the bank is telling Knudsen-Ostermann to get more boats and more people, he says he is cautious.

A statue of Hans Egede (1686-1758), a Dano-Norwegian Lutheran missionary, is pictured next to the Cathedral during Sunday service in Nuuk, Greenland, on March 9, 2025.
Odd Andersen/AFP/Getty Images

Passengers wait at Nuuk International Airport in Nuuk, Greenland, on March 4, 2025.
Odd Andersen/AFP/Getty Images

“I want to see what the new airport brings us, what 2025 brings us. We don’t know the future, so I’m holding back a little,” he said.

Statistics Greenland reported a 14% year-on-year rise in the number of passengers on international flights to Greenland in January. The number of hotel nights has seen a steady increase over the past decade, with 355,000 recorded last year, up from 210,000 in 2014, it said.

Three-quarters of tourism operators reported an increase in bookings in the three months following the opening of Nuuk’s new airport, according to Visit Greenland.

Lars Ipland, a Danish tourist in Nuuk, said Greenland was one of the last parts of the world he hadn’t seen.

“It’s a part of Denmark, so I thought I have to see it. Now with all the attention, you don’t know what’s happening next week or if it’s another flag up here or whatever they decide to do.”

This post appeared first on cnn.com

previous post
For Vladimir Putin, Russia’s position in the world is personal. Here’s what he really wants
next post
Nvidia’s CEO did a Q&A with analysts. What he said and what Wall Street thinks about it.

Related Posts

China and Philippines unfurl competing flags on disputed...

April 28, 2025

Colombian model’s murder, just days after Mexican influencer...

May 19, 2025

Putin claims ‘Ukraine crisis’ may have been averted...

January 25, 2025

Kenya police say lawmaker’s killing ‘targeted and premeditated’

May 1, 2025

Israel considers massive new ground offensive in Gaza...

March 25, 2025

A former Miss America takes her nuclear sales...

February 7, 2025

Russian general ousted after criticizing military top brass...

April 15, 2025

Meet the Welsh puppies that are stopping wildlife...

April 23, 2025

Trump wants China to play a role in...

February 12, 2025

Aggressive hawk that terrorized English village for weeks...

April 5, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 2

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 wallstreetwizardry.com | All Rights Reserved