Travel
Travel and Tourism

Travel And Tourism in Latvia

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
Cost: 
GBP260.00

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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

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