BAKU, Azerbaijan, June 10
By Tamilla Mammadova – Trend:
Georgian's Galt & Taggart investment bank expects growth in tourism revenues in the country, Trend reports via Georgian media.
According to the bank's report, tourism revenues is expected to reach $1.2 billion in 2021; if the forecast comes out to be true, the country will receive about 37 percent of the 2019 revenues from tourism ($3.2 billion).
"Increasing tourist flows and revenues have been observed since March. In March the income from tourism amounted to $30 million, in April - $50 million, in May we expect the income from tourism to reach $70 million, and in June after the opening of the land borders the revenue generated through tourism industry should be more than $100 million," said the report.
The bank also noted in the report that if the vaccination rate is maintained, some 30 percent of the population will be vaccinated by the end of 2021, which give a certain boost to the recovery of the tourism sector.
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