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Travel in Lithuania

Oct 2020

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Executive Summary

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COVID-19 impact on travel

The negative impact of COVID-19 on travel in Lithuania began in March 2020 with the government imposed lockdown and border closures. This led to a significant decline in the number of inbound tourists entering the country.

COVID-19 country impact

The Lithuanian government introduced quarantine status during the 16-30 March period, with this extended several times. On 16 March, the country’s borders were closed to foreigners, regardless of the means of transport, excluding cargo and special transport, while all international outbound passenger travel was prohibited.

Company response to COVID-19: Airlines and hotels

COVID-19 has had a severe impact on flights in Germany, impacting all airlines. Lufthansa was the first airline to resume regular flights on its Vilnius-Frankfurt connection in May 2020, with other airlines resuming operations in the coming months.

Impact of COVID-19 on online bookings and travel intermediaries

COVID-19 has accelerated the ongoing shift from offline to online travel intermediaries, with online service able to keep running during the lockdown while offline businesses were forced to close. Going forward, these businesses are expected to continue offering flexible service in terms of booking modifications or cancellations, often at the expense of operators.

What next for travel?

Like in most countries, travel in Lithuania will be hit hard by COVID-19 in 2020 and beyond. The Lithuanian government has allocated EUR45 million to support the recovery of the travel industry with interest-free loans for travel agencies and funds for marketing activities, along with EUR50 million from the European commission.

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Overview:

Discover the latest market trends and uncover sources of future market growth for the Travel industry in Lithuania with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you are in the Travel industry in Lithuania, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Lithuania for free:

The Travel in Lithuania market research report includes:

Analysis of trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Forecasts
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Lithuania?
What are the major brands in Lithuania?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel market research database.

Each report is delivered with the following components:
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Market statistics: Excel workbook

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