Latvia Tourism Report 2018

Latvia Tourism Report 2018

BMI View:

Latvia is set for a second year of strong growth in the tourism market. Arrivals will continue to grow in 2018 and throughto 2022. Strong economic growth and political stability will continue to entice leisure and business visitors from neighboring Centraland Eastern European countries while more Western Europeans will see Latvia as an interesting destination off the beaten path.Major international chains are beginning to enter the accommodation market, while domestic operators are becoming increasinglysophisticated and internationally focused. A growing middle class and retired population will buoy domestic tourism and drivedemand for more options at the lower end of the market, which remains underdeveloped. As the key drivers of the Latvian marketare internal, the country will see robust growth in tourism for years to come, outpacing growth in most other markets in the region.

BMI Industry View
Industry Forecast
Industry Risk/Reward Index
Central And Eastern Europe Tourism Risk/Reward Index
Latvia Tourism Risk/Reward Index
Market Overview
Competitive Landscape

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