Key Market Indicators
Lithuanian Travel Agency Revenue is projected to decline slightly over the next five years, reaching approximately €188 million by 2028, down from €189 million in 2023. This represents an annual decrease of 0.1% in compound annual growth rate (CAGR). Since 2013, the Lithuanian travel market has consistently contracted, declining by 2% each year. As of 2023, Lithuania ranked 21st in the European travel agency market, with Latvia just ahead, also reporting revenue of around €189 million. Meanwhile, Spain, Germany, and Italy secured the top three positions in the ranking, underscoring their stronger performance in the travel agency sector.
