Christie & Co, an international hotel property adviser, releases its analysis of the Baltic hotel market 2020, which denotes the impact of the Covid-19 pandemic on the capitals Tallinn, Riga and Vilnius. The report indicates that the Baltic hotel markets had a good start to the year, with accommodation demand increasing in the first two months of 2020. With the COVID-19 pandemic and subsequent travel restrictions, most of the hotels in the Baltic capitals closed. Summer then provided some positivity to the markets, as infection rates in the Baltics were down until a second wave shut tourism down again in autumn. RevPAR slid by 64 percent, 68 percent, and 72 percent in Vilnius, Riga and Tallinn, respectively, reflecting Vilnius and Riga’s demand being slightly more domestically and pan-Baltic driven than that of Tallinn. While both occupancy and ADR contributed to the decline, occupancy was the main factor driving the RevPAR collapse. Other European capitals also observed a decrease of a…