Publications

In Georgia, the average cost of a room in a 3-star hotel was 140 GEL per night in December 2019. While the average cost of a room in a 4-star hotel in Georgia was 213 GEL per night and the average cost of a room in a guesthouse was 69 GEL per night.
In December 2019, in Georgia the hotel price index3 increased by 9.1% compared to November 2019. The 3-star, 4-star and 5-star hotel price index increased by 6.4%, while for guesthouses, the price index increased by 13.9%.
In the past few years several major regulations were implemented both by the government and the National Bank of Georgia. In this newsletter, possible implications of imposed lending constraints on the private sector are presented.
Publication by our partner Ifo Institute for Economic Research that estimates World Economic Outlook in Emerging Markets and Developing Economies according to 2019 year. This research was prepared by Ifo and was originally published in Ifo World Economic Survey, IV 2019 November, Vol. 18. PMC Research Center is a regional partner of Ifo Institute in South Caucasus.
In Georgia, the average cost of a room in a 3-star hotel was 129 GEL per night in November 2019. While the average cost of a room in a 4-star hotel in Georgia was 202 GEL per night and the average cost of a room in a guesthouse2 was 64 GEL per night.
In November 2019, in Georgia the hotel price index decreased by 6.4% compared to October 2019. The 3-star, 4-star and 5-star hotel price index decreased by 6.0%, while for guesthouses, the price index decreased by 9.4%.
In October 2019, in Georgia the hotel price index3 decreased by 5.9% compared to September 2019. The 3-star, 4-star and 5-star hotel price index decreased by 5.9%, while for guesthouses, the price index decreased by 6.2%.
In Georgia, the average cost of a room1 in a 3-star hotel was 138 GEL per night in October 2019. While the average cost of a room in a 4-star hotel in Georgia was 215 GEL per night and the average cost of a room in a guesthouse2 was 69 GEL per night.
In the fourth quarter of 2019, Georgian economic climate has slightly worsened.In this period, Georgian economists assessed Georgia’s present economic situation positively; Moreover, the assessment of present economic situation in this quarter has improved compared to the third quarter of 2019 and the fourth quarter of 2018.
Tourism is one of the fastest growing sectors in the world. It creates three hundred million jobs and accounts for 10% of global GDP. This bulletin reviews the tourism sectors of countries bordering the Black Sea in the last 6 years. The analysis is centered on the number of visits, dynamics, and the relationship between tourism and economic growth.