This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 8/11/2017


Overview

Currently, tourism is one of the fastest growing sectors in Latvia. This growth has been steady over the past several years, boosted by the Latvian government’s implementation of the EU Open Skies policy and incentives for air carriers to attract additional passengers to Riga International Airport.  In 2016, 5.4 million passengers flew through the Riga airport.
 
Capitalizing on its status as a European Capital of Culture for 2014 and tenure as the Presidency of the Council of the European Union during the first half of 2015, Latvia is emerging as a global destination and attracting new tourists each year.  Although the number of new tourist accommodations has grown significantly, the market still would benefit from the presence of additional international chains.  World brands such as Accor Hotels and Kempinski Hotels have begun to enter the Latvian market.

Leading Sub-Sectors

This market is still developing, and many products can find a niche if appropriately priced and marketed.

Opportunities

Please see the Supplement to the Official Journal of the European Union dedicated to European public procurement.

TED Home
 
Latvian Export and Import Directory
 
Good opportunities exist in the travel and tourism sector, particularly in hotel, airport, and ferry operations.
 
Web Resources

Latvian Investment and Development Agency  
Riga International Airport
Riga Tourism Development Bureau
 

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Latvia Travel and Tourism Trade Development and Promotion