Logo pmcg

Hotel Price Index (February, 2019)

14-Mar-2019

In February 2019, in Georgia the hotel price index decreased by 1.7% compared to January 2019. In Tbilisi, the hotel prices decreased by 1.9%. The decrease of hotel prices in Georgia, can be linked to decreased number of tourists' trips. In February 2019, compared to January 2019, the number of international travelers trips in Georgia decreased by 11.2%, while among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) decreased by 19%.

The number of international travelers visiting Georgia in February 2019, compared to February 2018, decreased by 0.4%. However,  of these international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 5.1%.  

This was expected to have a positive effect on hotel price increases, however in February 2019, compared to February 2018, in Georgia the hotel price index decreased insignificantly by 0.4%. This was mainly due to price decreases of guesthouses.  While, the 3-star, 4-star and 5-star hotel price index increased by 2.2%, for guesthouses, the price index decreased by 2.9%.

It's worth to be mentioned that the revenue from international travelers amounted 3.2 billion USD in 2018. According to countries, the most revenue from international travelers was received from Russia - 26.3% (USD 842 mln), followed by Turkey - 13.7% (USD 437 mln), and EU countries - 12.3% (USD 394 mln).  In 2018, compared to 2017, the shares of revenues from internationals travelers from Turkey, Ukraine, Armenia and Iran decreased, while shares of Russia, EU countries and Iran increased.

 

ENG GEO

 

PUBLICATIONS

Prev Next

Municipal Social Policy Analysis in the Shida Kartli Region

12-Jun-2019

Municipal Social Policy Analysis in the Shida Kartli Region

Within the scope of the research, existing municipal social programs have been evaluated, the core challenges were identified, and the recommendations were elaborated for the local and central authorities.

more

IMF Fiscal Monitor-Curbing Corruption

18-Apr-2019

IMF Fiscal Monitor-Curbing Corruption

Publication by International Monetary Fund assesses Georgia’s progress in fighting corruption: “Georgia and Rwanda have shown the largest improvements on the Control of Corruption Index since 1996. Both countries have made wide-ranging efforts to overcome a pervasive culture of c...

more

Analyzing Competitiveness of the Hospital Sector and its Value…

14-Mar-2019

Analyzing Competitiveness of the Hospital Sector and its Value Chain in the City of Tbilisi – Using Smart Specialisations Methodology Components

Tbilisi is not only the capital city of Georgia, but is also the centre of the country’s economic development. Around 49% of the country’s GDP (GEL 14.3 billion as of 2016) is created in Tbilisi. Furthermore, 31% of the Georgian population (1.16 million people as of 1 January 201...

more

Developed by LLC FENOM