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Lithuania Hospitality Industry Outlook 2024 - 2028

See how Lithuania Hospitality performed compared to key markets such as the United Kingdom, Italy and France.

Key Market Indicators

**Lithuanian Accommodation Expenditure Projected to Hit €226 Million by 2028** Lithuania's accommodation expenditure is set to reach €226 million by 2028, rising from €202 million in 2023, with an average annual growth rate of 1.8%. Despite this growth, Lithuanian demand has seen a decline of 1.4% per year since 2000. In 2023, Lithuania ranked 32nd, with Macedonia surpassing it at €202 million. Italy, France, and Germany occupied the second, third, and fourth spots respectively. **Revenue from Accommodation Services to Rise to €425 Million** The revenue from Lithuanian accommodation services is projected to reach €425 million by 2028, up from €355 million in 2023, growing at an average annual rate of 2.8%. Since 2010, the market has expanded by 4.4% year on year. In 2023, Lithuania ranked 31st, trailing behind Serbia at €355 million. Spain, France, and the United Kingdom held the second, third, and fourth positions respectively. **Increase in Accommodation Establishments Expected** The number of accommodation establishments in Lithuania is expected to reach 82,140 bedplaces by 2028, up from 69,380 bedplaces in 2023, with an average annual growth of 2.7%. Since 1998, the supply has increased by 4.5% annually. In 2023, Lithuania ranked 18th, just behind Sweden with 69,380 bedplaces. Spain, France, and Germany were the second, third, and fourth in the ranking respectively.

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Lithuania Hospitality Market Data and Forecasts