HOTELS - Struggling to stay in the big league

  • 2008-04-23
  • By Lars Svantesson
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 will be very important for small hotels to have a great location in order to survive unless they...
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