"Estonia, Latvia & Lithuania Tourism Report 2016" - Business Monitor International - Industry Reports

"Estonia, Latvia & Lithuania Tourism Report 2016"

"Estonia, Latvia & Lithuania Tourism Report 2016" - Business Monitor International - Industry Reports
"Estonia, Latvia & Lithuania Tourism Report 2016"
Published Nov 07, 2015
71 pages — Published Nov 07, 2015
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Abstract:

BMI View: Overall we maintain our outlooks for the Baltic states tourism sectors over ----. Although the countries stand to lose out due to the ongoing issues (both economic and political) arising from the Russia- Ukraine tensions, and this will constrain arrivals from these countries, we believe that these losses will largely be mitigated by increased inter-regional tourism within the three Baltic states, as well as from other European countries which increasingly view the Baltic region as a more stable alternative to Russia and Ukraine. ...BMI View: Overall we maintain our outlooks for the Baltic states tourism sectors over ----. Although the countries stand to lose out due to the ongoing issues (both economic and political) arising from the Russia- Ukraine tensions, and this will constrain arrivals from these countries, we believe that these losses will largely be mitigated by increased inter-regional tourism within the three Baltic states, as well as from other European countries which increasingly view the Baltic region as a more stable alternative to Russia and Ukraine. In particular we feel that Lithuania s tourism sector could see substantial growth over the longer term if its bid to join the euro is successful, as it will facilitate multilateral tourist traffic from and to the eurozone. ...Our view of the drop in Russian tourist visits to the Baltic states is largely based on our increasingly bleak outlook for Russian household consumption (in conjunction with the sanctions which are preventing civil servants from holidaying in various European destinations.

...We anticipate that the drop in Russian tourist visits to the Baltic states will have a significant impact on the region s tourism industry. This expectation of a decline in visits is largely based on our increasingly bleak outlook for Russian household consumption (in conjunction with the sanctions which are preventing civil servants from holidaying in various European destinations. For ----, we anticipate expects an abatement of tensions between Russia and the West and lifting of sanctions to lead to rouble stabilisation and deceleration in consumer price growth. Private consumption, however, while improving in ---- relative to ----, will make more modest contributions to headline GDP than in the previous decade due to structural factors, such as declining wage growth and slowing consumer credit growth both of which directly impede growth in international tourist travel. Ukraine s economy is headed for a major recession which it is unlikely to emerge from until ----. ...As well as acquiring membership, Lithuania also intends to strengthen its place in Europe following heightened security concerns because of Russia s annexation of the Crimean peninsula. Lithuania has seen a decline in Russian visitors over ---- of over ---,--- on ---- levels, according to our forecasts, and Estonia and Latvia have seen similar decreases.

...� Business Monitor International Page - intensification of fighting in the heart of Ukraine s industrial regions in the east is devastating the crippled economy, and the authorities are struggling to maintain currency stability. This in turn is reflected in our forecast for pronounced declines in inbound tourist arrivals from Ukraine to the Baltic countries. ...

  
Source:
Document ID
1747-8812
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. ""Estonia, Latvia & Lithuania Tourism Report 2016"" Nov 07, 2015. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Estonia-Latvia-Lithuania-Tourism-Report-2016-2026-678>
  
APA:
Business Monitor International - Industry Reports. (2015). "Estonia, Latvia & Lithuania Tourism Report 2016" Nov 07, 2015. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Estonia-Latvia-Lithuania-Tourism-Report-2016-2026-678>
  
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