BAKU, Azerbaijan, June 18
By Tamilla Mammadova – Trend:
TBC Capital published a report on Georgia’s Tourism Industry, Trend reports via the TBC Capital.
According to the report, average occupancy rate of hotels reached 22 percent in May 2021. Since January, the figure has been recovering for large hotels (40 percent in May), attributable to increasing number of overnight trips, activity of domestic visitors and also their competitive advantage.
The report reads, that large number of medium and small hotels remain closed. In this segment, occupancy stood at 7 percent in May.
For select large hotels, occupancy has shown increase in all regions. The figure was highest in Batumi, at 47 percent in May. Occupancy of large hotels averaged 42 percent in Kakheti, followed by Tbilisi and other regions, at 38 percent and at average 35 percent, respectively.
“Following a sharp decrease in 2Q2020, non-cash spending in hotels started to improve gradually in Tbilisi. In the same period, the decrease was more moderate for hotels in regions, with change standing at -42 percent, relative to 2019,” the report reads.
According to TBC Capital, recovery is more evident in Adjara and Kakheti.
“For Kakheti and Mtskheta-Mtianeti, with increasing arrivals, strengthened dynamics is further supported by domestic tourists, driven by close distance from Tbilisi. Hotels in Tbilisi are recovering more gradually and at a steady rate,” the report reads.
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