Key Market Indicators
The number of available hotel rooms in Lithuania is projected to reach approximately 20,740 by 2028, up from around 18,870 in 2023. This represents a compound annual growth rate (CAGR) of 1.5%. Since 1998, the supply of hotel rooms in Lithuania has increased by an average of 4.8% annually. In 2023, the country ranked 27th globally in terms of available hotel rooms, with Malta slightly ahead at 18,870 rooms. In the same ranking, Germany, Spain, and France took the 2nd, 3rd, and 4th spots, respectively. Meanwhile, hotel occupancy levels in Lithuania saw a decline in recent months. In October 2021, the occupancy rate stood at 45.5%, down from 49.6% in September 2021.
