Travel companies in Lithuania have seen their revenue rise this year. Inflation accounts for some of the increase, according to an industry representative.
“People are longing traveling. Not everybody travelled last year, and the second thing is that the number of regular flight destinations and frequencies is insufficient, so in many cases a traveller is forced to choose a tour operator in order to have a good-priced and hassle-free trip,” said Žydrė Gavelienė, president of Lithuania’s National Tourism Business Association and the Lithuanian Chamber of Tourism, and CEO of Estravel Vilnius.
Moreover, rising prices in Lithuania, which reported inflation of some 20 percent in 2022, pushed people to spend holidays abroad, she added.
Tour operators saw their revenue grow 47 percent in the first half of this year, from 244 million euros a year ago, and net profit jumped 3.7 times to 13.8 million euros.
Outbound tour operators posted bigger increase in revenue compared to companies organising trips within the country. According to Gavelienė, the war in Ukraine still deters some tourists from visiting Lithuania.
There are currently 187 tour operators in Lithuania.
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