This former Soviet country costs only a fraction of what you’d spend in nearby Scandinavia, with hotels and hostels available at prices that are drawing in the nightlife crowd from the UK looking for a cheap weekend break. The Old Town area is where you’ll find most hostels and hotels, and fortunately there is so much competition among restaurants and bars that deals are common and prices are quite low. If you can get a cheap flight, this is one of the better places for a stag weekend and that sort of thing.
Riga hotels generally have high season rates from May through September, and the rest of the year is low season, except for the period around Christmas. Hostels in Riga are bargains all year round.