Monthly Tourism Update September 2019

Abstract

During the first three quarters of 2019, compared to the same period of the previous year, the monthly hotel prices in Georgia mainly were decreasing. On average the hotel prices decreased by 0.3%. The main contributor to this decrease were the 3*, 4* and 5* hotels. During the I-III quarters of 2019, compared to the I-III quarters of 2018, the 3*, 4* and 5* decreased on average by 1.9%. While in the same period, the average increase of the guesthouse prices amounted 4.9%. During the first three quarters of 2019, compared to the corresponding period of 2018, on average the hotel prices in Tbilisi decreased by 7.8%. Among them the prices of 3*, 4* and 5* hotels decreased on average by 11.1%, while the prices of guesthouses increased on average by 4.8%. During the first three quarters of 2019, compared to the same period of 2018, the number of tourists in Georgia were increasing, on average monthly growth rate of number of tourists amounted 6.6%. The highest increase was recorded in May 2019, compared to May 2018 - 18%. It has to be mentioned that during I-III quarters of 2019, May 2019 was the period, when prices of guesthouses increased the most - by 18%, compared to May 2018.