BAKU, Azerbaijan, June 26
By Tamilla Mammadova – Trend:
Georgia's tourism sector's revenue is expected to decrease by 85-90 percent in July year-on-year due to closed borders, which means a decrease of $336-$356 million, Trend reports with reference to TBC Research Group at Georgian TBC Bank.
"As of the decision adopted on June 25, the Georgian government has postponed full opening of international tourism for one month and regular flights will not be performed in the country during this period," the report said.
As reported, in July 2019, Georgia received a record income of $395.4 million from tourism.
In 2019, Georgia received a record income of $3.26 billion from international tourism.
Earlier, TBC Research predicted a 65 percent or $2.124 billion drop in the sector's revenue this year, but according to the company, delays in opening the border by August will reduce the sector's revenue by 75 percent year-on-year, or $2.45 billion.
In May 2020, the number of foreign visitors to Georgia decreased by a record 95 percent and stood at only 36,358 people.
Domestic tourism has already resumed in Georgia on June 15, and the country was planning to reopen its airspace to international flights starting July 1, but then postponed the reopening till August 1.
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