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International Internet Magazine. Baltic States news & analytics Wednesday, 24.01.2018, 00:07

Latvian government to continue supporting business tourism events

BC, Riga, 30.11.2017.Print version
The Latvian government this week approved the Economics Ministry proposal for further support to organization of international business tourism events - conferences, congresses, seminars, symposiums, etc. - in Latvia, informs LETA.

Under the Economics Ministry proposal for amendments to the EU-funded program for boosting international competitiveness, the Latvian state will pay 10 percent of the organizational costs, provided that the international event lasted three days and gathered at least 150 foreign participants.

 

Business tourism in Latvia has stabilized in recent years. Of all multi-day travelers visiting Latvia in 2016, 19 percent or 344,000 people were business travelers. Having analyzed competitiveness of the Baltic capitals as business tourism destinations, the International Congress and Convention Association concluded that in 2015 and 2016 Riga had hosted more conferences (33) than Vilnius (29) and Tallinn (23).

 

Latvian Economics Minister Arvils Aseradens (Unity) said that the government support to business tourism would help bring to Latvia more business travelers, who spent here four times more money that the average foreign tourist. Also, the hospitality industry will benefit from business tourism during the off-season.






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