Latvia, Markets and Companies, Tourism

International Internet Magazine. Baltic States news & analytics Monday, 18.06.2018, 20:07

Latvian rural tourism services providers receive 5-10% fewer guests this year

BC, Riga, 28.11.2016.Print version
The Latvian rural tourism industry has seen the number of guests drop by 5-10 percent this year, LETA was told at Lauku Celotajs (Rural Traveler) association.

The industry’s experts have also concluded that in comparison with last year, the rural tourism industry’s revenues have contracted by 10-15 percent this year, which might be an indication of people’s weakening purchasing power. For that reason, most entrepreneurs in the industry have decided to not raise their services prices next year, although nearly a quarter are planning price hikes amid rising taxes, as well as costlier materials, electricity and labor.

The industry’s experts warn that increased taxes and other expenses will be the main business challenges facing the Latvian rural tourism services providers in 2017.

The association’s representatives said that such conclusions have been drawn after the presentation of entrepreneurs’ conclusions, statistical data and future plans at the association’s general meeting on November 22.

Lauku Celotajs is a professional rural tourism association established in 1993.

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