Analytics, Lithuania, Markets and Companies, Tourism, Transport

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 18:18

Lithuanian transport, accommodation, services companies' revenue drop 8% in Q2

BC, Vilnius, 28.08.2020.Print version
Lithuania's transport, accommodation and services companies saw their combined revenue fall by 7.9% in the second quarter from the first quarter to 5.7 billion euros, not including VAT, figures from the country's statistics office showed on Friday, cites LETA/BNS.

Transport and storage companies' revenue dropped by 11.2% quarter-on-quarter to 2.6 billion euros (at current prices). 


Travel agency, tour operator, reservation service and related activities saw their quarterly revenue plunge by 57% due to coronavirus quarantine restrictions.


The second-quarter statistics show revenue declines of 47.9% for accommodation businesses, 26% for motion picture, video and television program production, sound recording and music publishing activities, and 22.9% for arts, entertainments and recreation. 


Air carriers posted a 22.2% drop in revenue, and land transport services and transport services via pipelines recorded declines of 12.8% and 13%, respectively. 




Service companies saw their second-quarter revenue go down by 6.3% to 3 billion euros.  


Some sectors registered revenue growth, however, including computer programming, consultancy and related services (10.2%), and real estate activities (8%). 






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