Travel And Tourism in Latvia
Euromonitor International's Travel And Tourism in Latvia report offers a comprehensive guide to the market at a national level. It looks at travel accommodation, transportation, car rental, tourist attractions and retail travel. It identifies the leading companies and offers strategic analysis of key factors influencing the market, including background information on disposable income, annual leave and holiday taking habits.
Buy online to access strategic market analysis and an interactive statistical database of market size data for travel accommodation, transportation, car rental, travel retail, tourism attractions and health and wellness tourism, tourism inflows and outflows, tourism spending and company and brand shares.
Chapters: 8 | Tables: 51 | Publication date: Jan 2007
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Airline capacity and utilisation; Arrivals by country of origin; Arrivals by mode of transport; Arrivals by purpose of visit; Car rental services by sector; Demand factors; Departures by destination; Departures by mode of transport; Departures by purpose of visit; Domestic tourism by destination; Domestic tourism by mode of transport; Tourism receipts and expenditure; Tourist attractions; Transportation; Travel accommodation; Travel retail services
Executive summary
Latvian rural tourism benefits from a great deal of financial support
Latvia leads Lithuania and Estonia in rural tourism. Virtually every Latvian town has a private hotel trying to attract wealthy Riga residents and foreign tourists by offering fishing, boating, walks, etc. Rural tourism regularly receives significant funding from the state budget and various supporting organisations. The development of rural tourism will increase the willingness of Latvian tourists to travel to the countryside, and will also improve the image of Latvia as a tourist destination for foreign tourists.
New hotels are required if Latvia is to become the Baltic tourist centre
The development of hotels and other travel accommodation outlets is very beneficial to Latvia. The main reason for building hotels is because the number of tourists, especially from the EU, is growing steadily. Many of these tourists choose Riga as their destination. The Latvian capital is actively promoted in the international travel and tourism industry as the Baltic tourist centre. However, for this to be true, much work needs to be done, especially in terms of travel accommodation.
Latvia to receive overseas investment for the development of travel and tourism
Between 2005 and 2012, Latvia plans to get €42 million from the EU Regional Development Fund for the development of travel and tourism. The five priority areas where this money should be used are: the development of health resort tourism; cultural tourism and the reconstruction of historical tourist attractions; active tourism, which could include projects such as building cycle routes; development of business tourism, since Latvia lacks large conference centres; and the promotion of Latvia abroad by improving its internet pages, publishing brochures, participation in exhibitions, etc.
Rapid development of transportation reflects increasing numbers of international tourists
The rapid development of transportation in Latvia is a result of the increasing numbers of international tourists and essential growth of traffic volumes. Intercity highways and rural roads are being renovated, and railway, seaport and airport infrastructures are being developed. The most significant events of 2005 for Riga airport were the introduction of a new pricing policy and the gain of two low-cost airlines. In addition, Riga plans to host more than 80 cruise ships during the forecast period, of which around 70 should be served by Riga Passenger Terminal. The only mode of transport to suffer from significant problems is rail travel.
Table of contents
EXECUTIVE SUMMARY
LATVIAN RURAL TOURISM BENEFITS FROM A GREAT DEAL OF FINANCIAL SUPPORT
NEW HOTELS ARE REQUIRED IF LATVIA IS TO BECOME THE BALTIC TOURIST CENTRE
LATVIA TO RECEIVE OVERSEAS INVESTMENT FOR THE DEVELOPMENT OF TRAVEL AND TOURISM
RAPID DEVELOPMENT OF TRANSPORTATION REFLECTS INCREASING NUMBERS OF INTERNATIONAL TOURISTS
KEY TRENDS AND DEVELOPMENTS
ENTRY TO EU CONTRIBUTES TO STRONG GROWTH IN ARRIVALS
Outlook
Impact
RISING INCOMES LEAD TO AN INCREASE IN DEPARTURES
Outlook
Impact
MORE LATVIANS PREFER LOCAL HOLIDAY ESTABLISHMENTS
Outlook
Impact
RURAL TOURISM IN LATVIA IS A PROSPECTIVE SECTOR
Outlook
Impact
TRAVEL ACCOMMODATION
TRENDS
PROSPECTS
TRANSPORTATION
TRENDS
PROSPECTS
TRAVEL RETAIL
TRENDS
PROSPECTS
MARKET DATA
Table 1 Length of Trip: 2000-2005
Table 2 Arrivals by Country of Origin: 2000-2005
Table 3 Arrivals by Method of Transport: 2000-2005
Table 4 Arrivals by Purpose of Visit: 2000-2005
Table 5 Departures: 2000-2005
Table 6 Departures by Destination: 2000-2005
Table 7 Departures by Mode of Transport: 2000-2005
Table 8 Departures by Purpose of Visit: 2000-2005
Table 9 Domestic Trips by Mode of Transport: 2000-2005
Table 10 Incoming Tourist Receipts: 2000-2005
Table 11 Incoming Tourist Receipts % Growth: 2000-2005
Table 12 Outgoing Tourism Expenditure: 2000-2005
Table 13 Outgoing Tourism Expenditure % Growth: 2000-2005
Table 14 Domestic Tourist Expenditure: 2000-2005
Table 15 Forecast Arrivals by Country of Origin: 2005-2010
Table 16 Forecast Arrivals by Method of Transport: 2005-2010
Table 17 Forecast Departures: 2005-2010
Table 18 Forecast Departures by Destination: 2005-2010
Table 19 Forecast Departures by Mode of Transport: 2005-2010
Table 20 Forecast Incoming Tourist Receipts: 2005-2010
Table 21 Forecast Domestic Tourist Expenditure: 2005-2010
Table 22 Forecast Outgoing Tourism Expenditure: 2005-2010
SECTOR DATA
Table 23 Hotels: Units 2000-2005
Table 24 Regional Hotel Parameters 2005
Table 25 Travel Accommodation Sales by Sector: Value 2000-2005
Table 26 Travel Accommodation Internet Sales: Internet Transaction Value 2000-2005
Table 27 Hotel Internet Sales: Internet Transaction Value 2000-2005
Table 28 Hotel Company Rankings 2005
Table 29 Forecast Hotels: Units 2005-2010
Table 30 Forecast Travel Accommodation Sales by Sector: Value 2005-2010
Table 31 Forecast Travel Accommodation Internet Sales: Internet Transaction Value 2005-2010
Table 32 Forecast Hotel Internet Sales: Internet Transaction Value 2005-2010
Table 33 Transportation Sales by Sector: Value 2000-2005
Table 34 Airline Company Rankings 2005
Table 35 Transportation Internet Sales: Internet Transaction Value 2000-2005
Table 36 Air Travel Internet Sales: Internet Transaction Value 2000-2005
Table 37 Forecast Transportation Sales by Sector: Value 2005-2010
Table 38 Forecast Transportation Internet Sales: Internet Transaction Value 2005-2010
Table 39 Forecast Air Travel Internet Sales: Internet Transaction Value 2000-2005
Table 40 Car Rental Sales: Value 2000-2005
Table 41 Car Rental Company Rankings 2005
Table 42 Forecast Car Rental Sales: Value 2005-2010
Table 43 Forecast Car Rental Internet Sales: Internet Transaction Value 2005-2010
Table 44 Travel Retail Outlets: Units 2000-2005
Table 45 Travel Retail Sales: 2000-2005
Table 46 Travel Retail Company Rankings 2005
Table 47 Forecast Travel Retail Outlets: Units 2005-2010
Table 48 Forecast Travel Retail Sales: 2005-2010
Table 49 Forecast Travel Retail Internet Sales: Internet Transaction Value 2005-2010
Table 50 Tourist Attractions: Value 2000-2005
Table 51 Forecast Tourist Attractions: Value 2005-2010
DEFINITIONS
TRAVEL AND TOURISM
DEMAND FACTORS
Length of Trip
TOURISM PARAMETERS
Arrivals
Departures
Outgoing tourism expenditure
Domestic tourists
Domestic trips
Domestic tourist expenditure
TRAVEL ACCOMMODATION
Hotels
Other travel accommodation
Number of bed nights
Occupancy rates
Number of rooms and beds
TRANSPORTATION
Air
Other transportation
CAR RENTAL
TRAVEL RETAIL
TOURIST ATTRACTIONS
INTERNET SALES