HOTELS - Struggling to stay in the big league

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HOTELS - Struggling to stay in the big league

Apr 23, 2008
By Lars Svantesson

PHOTO: Valdemars Hotel

RIGA - Latvia’s hotel industry is likely to undergo changes in the future as big hotel chains such as Sheraton and Hyatt are waiting in the wings to enter the market. Only this year it is predicted that the amount of hotel rooms Latvia has to offer will grow by more than 10 percent. This is against a backdrop of fears of a stagnating economy where construction projects have become more expensive and many times are halted altogether. “There will be more international hotels in Latvia. I think it ...

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