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National Bank of Georgia: Income from tourism increases

Finance Materials 12 December 2019 17:28 (UTC +04:00)
National Bank of Georgia: Income from tourism increases

BAKU, Azerbaijan, December 12

By Tamilla Mammadova – Trend:

Georgia's tourism revenue amounted to $201.7 million in November 2019, which is 5.6 percent more than a year earlier, Trend reports citing the report of the National Bank of Georgia.

As reported, from January through November 2019, this figure already exceeded $3 billion.

For comparison, tourism revenue for the 12 months of 2018 amounted to $3.22 billion.

At the beginning of this year, tourism revenues in Georgia grew by an average of five percent.

Revenues decreased after the ban on flights to Georgia introduced by Russia; in July, the revenues decreased by 8.6 percent, in August - by 6.8 percent, and in September - by 4.9 percent.

According to the National Bank, tourism income growth resumed in October, when revenue grew by 5.2 percent year-on-year.

Some 670,100 visits by international travelers (who stay in a country for more than six months not for tourism, but for the purposes of education, employment, family reunion, etc.) were made in Georgia in November of this year, which is 12 percent more compared to the same period last year.

The number of international visitors (non-resident travelers of age 15 or older, who visited Georgia from their area of residence) reached 543,100 in November 2019, which is 11.9 percent more compared to last year.

Including the number of tourist (visitor who spent at least one night in Georgia) visits reached 338,800, which is 10.3 percent more compared to last year.

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