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Estonia, Latvia & Lithuania Tourism Report 2016

Estonia, Latvia & Lithuania Tourism Report 2016

BMI View: We continue to hold a broadly positive outlook for the Baltic countries' tourism sectors in 2016and beyond. While these markets will continue to suffer the effects of political and economic turmoil inRussia and Ukraine, this will not prevent further robust growth in tourist arrivals. We expect growth to besupported by increased intra-Baltic and wider European tourism on the back of improving economicconditions across the continent. Of the three Baltic countries, we maintain our view that Latvia and Estoniawill see the strongest arrivals growth over the next few years, averaging around 5-6% annually.

Key Updates & Forecasts

The Baltic region's tourism sector will continue to grow at a healthy rate in 2016 with visitor arrivals inEstonia, Latvia and Lithuania set to increase by 7%, 6% and 3% respectively, according to our forecasts.

The sector's positive growth prospects are predicated on increased intra-Baltic tourism as well as a risingnumber of visitors from the wider EU. This trend is being driven by improving economic conditionsacross the region and a brightening outlook for European consumers in particular. Importantly, thesepositive dynamics will help offset some of the negative consequences wrought on the sector by ongoingRussia/Ukraine tensions.


BMI Industry View
Table: Key Forecasts (Baltics 2012-2019)
SWOT
Industry Forecast
Estonia
Table: Inbound Tourism (Estonia 2012-2019)
Table: Tourism Receipts (Estonia 2012-2019)
Table: Hotel Accommodation (Estonia 2012-2019)
Table: Tourist Departures and Consumption (Estonia 2012-2019)
Latvia
Table: Inbound Tourism (Latvia 2012-2019)
Table: Tourism Receipts (Latvia 2012-2019)
Table: Hotel Accommodation (Latvia 2012-2019)
Table: Tourist Departures and Consumption (Latvia 2012-2019)
Lithuania
Table: Inbound Tourism (Lithuania 2012-2019)
Table: Tourism Receipts (Lithuania 2012-2019)
Table: Hotel Accommodation (Lithuania 2012-2019)
Table: Tourist Departures and Consumption (Lithuania 2012-2019)
Industry Risk/Reward Ratings
Industry Risk/Reward Index
Table: Central And Eastern Europe Tourism Risk/Reward Index
Market Overview
Estonia
Latvia
Lithuania
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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