Baltic spa hotels white paper 2026

Baltic hotel RevPAR, January–August 2025

All three states posted positive RevPAR growth, but Latvia and Lithuania led on rate recovery
Market performance
Hotel RevPAR by Baltic state, January–August 2025, in euros, with year-on-year change
CountryRevPAR (EUR)Year-on-year change
Estonia64.13+4.6%
Latvia60.38+11.6%
Lithuania61.46+12.5%

CoStar, reported industry data. Estonia holds the highest absolute RevPAR of the three, but the slowest growth rate.

Horwath HTL — Baltic Spa Hotels White Paper 2026