The international tourism receipts in Latvia were forecast to continuously increase between 2024 and 2029 by in total 235.9 million U.S. dollars (+14.58 percent). After the eighth consecutive increasing year, the tourism receipts is estimated to reach 1.9 billion U.S. dollars and therefore a new peak in 2029. Receipts denote expenditures by inbound tourists from other countries. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism receipts in countries like Lithuania and Estonia.

Latvia LV: International Tourism: Number of Arrivals data was reported at 1,793,000.000 Person in 2016. This records a decrease from the previous number of 2,024,000.000 Person for 2015. Latvia LV: International Tourism: Number of Arrivals data is updated yearly, averaging 1,219,500.000 Person from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 2,024,000.000 Person in 2015 and a record low of 509,000.000 Person in 2000. Latvia LV: International Tourism: Number of Arrivals data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Tourism Statistics. International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

The number of international tourist arrivals in Latvia was forecast to continuously increase between 2024 and 2029 by in total 2.2 million arrivals (+28.31 percent). After the ninth consecutive increasing year, the arrivals is estimated to reach 9.96 million arrivals and therefore a new peak in 2029. Depicted is the number of inbound international tourists. According to World Bank this refers to tourists travelling to a country which is not their usual residence, whereby the main purpose is not work related and the planned visitation period does not exceed 12 months. The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the number of international tourist arrivals in countries like Lithuania and Estonia.

Latvia LV: International Tourism: Receipts: for Travel Items data was reported at 867.000 USD mn in 2016. This records a decrease from the previous number of 893.000 USD mn for 2015. Latvia LV: International Tourism: Receipts: for Travel Items data is updated yearly, averaging 410.500 USD mn from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 954.000 USD mn in 2014 and a record low of 20.000 USD mn in 1995. Latvia LV: International Tourism: Receipts: for Travel Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Tourism Statistics. International tourism receipts for travel items are expenditures by international inbound visitors in the reporting economy. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These receipts should include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

Latvia LV: International Tourism: Receipts data was reported at 1.282 USD bn in 2016. This records an increase from the previous number of 1.279 USD bn for 2015. Latvia LV: International Tourism: Receipts data is updated yearly, averaging 534.000 USD mn from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 1.298 USD bn in 2014 and a record low of 37.000 USD mn in 1995. Latvia LV: International Tourism: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Tourism Statistics. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

Latvia LV: International Tourism: Receipts: % of Total Exports data was reported at 7.745 % in 2016. This records a decrease from the previous number of 7.852 % for 2015. Latvia LV: International Tourism: Receipts: % of Total Exports data is updated yearly, averaging 6.677 % from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 9.601 % in 1996 and a record low of 1.772 % in 1995. Latvia LV: International Tourism: Receipts: % of Total Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Tourism Statistics. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Their share in exports is calculated as a ratio to exports of goods and services, which comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, and IMF and World Bank exports estimates.; Weighted average;

The international tourism expenditure per capita in Latvia was forecast to continuously increase between 2024 and 2029 by in total 315.2 U.S. dollars (+24.24 percent). After the twenty-first consecutive increasing year, the expenditure is estimated to reach 1,615.34 U.S. dollars and therefore a new peak in 2029. Covered are expenditures of international outbound visitors to other countries from the selected region, including payments to foreign carriers for international transport. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism expenditure per capita in countries like Estonia and Lithuania.

Key information about Latvia Visitor Arrivals

• Latvia Visitor Arrivals recorded 333,549 person in Dec 2024, compared with 605,695 person in the previous quarter
• Latvia Visitor Arrivals data is updated quarterly, available from Mar 2002 to Dec 2024
• The data reached an all-time high of 706,361 person in Sep 2018 and a record low of 22,485 person in Mar 2021

Arrivals of Latvia plummeted by 61.59% from 8,342,000 number in 2019 to 3,204,000 number in 2020. Since the 0.63% rise in 2018, arrivals sank by 58.79% in 2020. International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival.

Latvia LV: International Tourism: Receipts: for Passenger Transport Items data was reported at 415.000 USD mn in 2016. This records an increase from the previous number of 386.000 USD mn for 2015. Latvia LV: International Tourism: Receipts: for Passenger Transport Items data is updated yearly, averaging 49.000 USD mn from Dec 1995 (Median) to 2016, with 17 observations. The data reached an all-time high of 415.000 USD mn in 2016 and a record low of 16.000 USD mn in 1996. Latvia LV: International Tourism: Receipts: for Passenger Transport Items data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Tourism Statistics. International tourism receipts for passenger transport items are expenditures by international inbound visitors for all services provided in the international transportation by resident carriers. Also included are passenger services performed within an economy by nonresident carriers. Excluded are passenger services provided to nonresidents by resident carriers within the resident economies; these are included in travel items. In addition to the services covered by passenger fares--including fares that are a part of package tours but excluding cruise fares, which are included in travel--passenger services include such items as charges for excess baggage, vehicles, or other personal accompanying effects and expenditures for food, drink, or other items for which passengers make expenditures while on board carriers. Data are in current U.S. dollars.; ; World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.; Gap-filled total;

In 2021, approximately *** million tourists arrived in Latvia using a form of road transport. The number of inbound tourist arrivals by road transport in the country was measured at its highest in 2019 at **** million.

While the tourism sector GDP share in Latvia was forecast to increase long-term between 2023 and 2028 by in total 1.7 percentage points, it is estimated to decrease in the years 2026, 2027 and 2028. The share is estimated to amount to 7.25 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Estonia and Lithuania.

Tourism expenditure in the country of Latvia rocketed by 41.48% from 622,000,000 current US dollars in 2006 to 880,000,000 current US dollars in 2007. Since the 11.05% slump in 2001, tourism expenditure in the country shot up by 475.16% in 2007. Series 1.33

In 2023, around 6.4 million same-day domestic trips were taken by residents of Latvia. That was approximately two percent less than in the previous year. Tourism in Latvia was significantly lower in 2020 due to the coronavirus (COVID-19) pandemic.

Tourism receipts of Latvia rocketed by 41.48% from 622,000,000 US dollars in 2006 to 880,000,000 US dollars in 2007. Since the 11.05% drop in 2001, tourism receipts shot up by 475.16% in 2007. International tourism receipts are expenditures by international inbound visitors, including payments to national carriers for international transport. These receipts include any other prepayment made for goods or services received in the destination country. They also may include receipts from same-day visitors, except when these are important enough to justify separate classification. For some countries they do not include receipts for passenger transport items. Data are in current U.S. dollars.

In 2023, the expenditure of residents on overnight trips within Latvia reached 214 million euros. The figure recovered from the decrease in 2020, when the spending on domestic tourism amounted to 75.5 million euros.

The total consumer spending on restaurants and hotels in Latvia was forecast to continuously increase between 2024 and 2029 by in total 279.5 million U.S. dollars (+19.42 percent). After the ninth consecutive increasing year, the restaurants- and hotels-related spending is estimated to reach 1.7 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning restaurants and hotels, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 11. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending on restaurants and hotels in countries like Lithuania and Estonia.

Revenue in the Travel Agencies industry is expected to grow at a compound annual rate of 12.3% over the five years through 2025 to €121.5 billion. The focus of the travel industry in the last five years has been recovering from the COVID-19 pandemic. Travel demand plunged during 2020 and 2021, when COVID-19 outbreak grounded flights and confined people to their homes. While domestic travel could continue in some countries, most travel agencies had no trips to sell. Since restrictions were lifted across Europe and globally (which happened at each country’s own pace), the travel sector has seen a resurgence in demand by trends characterised as revenge travel and responsible travel. People made up for lost time by taking more trips after COVID-19 restrictions had been lifted. In 2024 and 2025, consumers are still keen for trips but want value-for-money adventures instead as they’re cautious of their spending amid disposable income squeezes. International travel to Europe has also resurged, especially from the US, thanks to the more favourable dollar-to-Europe rate – a welcome trend for agencies. There’s concerns that President Trump’s administration and US tariffs could see a drop in US visitors, but in early 2025 numbers have been strong. Pent-up demand combined with savings built up during COVID-19 has kept bookings high, defying high inflation across Europe that would usually signal lower trip spending. Travel remains a high priority for many households, driving up bookings. As a result, revenue is expected to mount by 4.4% in 2025. That being said, the Russia-Ukraine war has plagued tourism in Eastern Europe, with countries like Finland and the Baltic states continuing to record much lower tourist numbers than pre-pandemic because of fewer Russian tourists and lower travel confidence to the region. Revenue is anticipated to climb at a compound annual rate of 8.9% in the five years through 2030 to €186.3 billion. Online travel agencies will continue to cement their position in the industry, with most traditional agencies adapting by now or already closing. Climate change will disrupt travel agencies and the destination packages they offer. The last few years have already seen wildfires across Greece that spelt disaster for many trips and travel agencies will need to plan for the shift from southern European beaches to northern European destinations as temperatures rise. Travel agencies across Europe will also keep trying to carve out more of a niche by specialising in trips for certain age demographics.

Hotels and short-term accommodation providers in Europe enjoy strong demand due to the continent’s well-developed tourism sector and significant number of holiday destinations that cater to various consumer needs. European residents often holiday domestically or go on trips to other European countries due to how quick and easy it is to travel to them. Rising domestic and international tourism fuelled accommodation demand prior to the COVID-19 outbreak, but travel restrictions then decimated revenue. Revenue is slated to contract at a compound annual rate of 9.5% over the five years through 2024 to €187.9 billion, including an expected 3.2% drop in 2024. Despite the numerous popular holiday spots spread across Europe, including Spain, Italy and France, hotels and other holiday accommodation providers weren’t prepared for the catastrophic drop in tourism caused by the COVID-19 pandemic. Strict restrictions on international travel decimated tourist numbers, with holiday accommodation sites forced to close for long periods in 2020. The easing of travel restrictions in 2021 and 2022 drove revenue back up, supported mostly by heightened domestic tourism due to heightened consumer confidence and a trend towards staycations. Since 2022, though, severe inflation and heightened economic and geopolitical uncertainty have squeezed consumers’ budgets and made them less confident of their financial prospects confidence, limiting spending on holidays. European hotels and short-term accommodation providers faces intense competition, putting pressure on prices and RevPAR. The growing popularity of online booking platforms like Airbnb has played a big part in increasing competitive pressures. To attract potential guests, accommodation providers are adopting dynamic pricing strategies and investing in enhancing the customer experience through innovation and differentiation. Revenue is forecast to swell at a compound annual rate of 2.9% over the five years through 2029 to €217 billion. A mounting number of international guests and strong demand for domestic holidays will drive growth. As consumer confidence improves and inflation edges back down to more normal levels, disposable income will climb, stimulating holiday spending. Hotels and short-term accommodation providers will continue to face competitive pressures as the popularity of short-term rental platforms grows, hindering revenue and profit.

The international tourism receipts in Estonia were forecast to continuously increase between 2024 and 2029 by in total 191.4 million U.S. dollars (+16.61 percent). According to this forecast, in 2029, the tourism receipts will have increased for the ninth consecutive year to 1.3 billion U.S. dollars. Receipts denote expenditures by inbound tourists from other countries. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism receipts in countries like Latvia and Lithuania.