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Revenues from international tourism down in Georgia

Finance Materials 12 November 2020 18:38 (UTC +04:00)
Revenues from international tourism down in Georgia

BAKU, Azerbaijan, Nov. 12

By Tamilla Mammadova – Trend:

Georgia received $2.58 billion from international tourism in the first 10 months of 2019, and in 2020 this figure is only $ 499 million, which is 80.7 percent less than the previous year, Trend reports via the National Bank of Georgia.

However, the bulk of this year’s tourism revenue ($ 427 million) comes from the period before the borders were closed and the lockdown was declared.

The National Tourism Administration has released its October 2020 Tourism Report, which found that 49,712 international visitors visited the country last month. This is 92.5 percent less than the same period in 2019.

According to the tourism administration, only 4,345 visitors arrived by air last month, which is 97.3 percent less than in 2019.

According to a report by the tourism administration, with a record drop in the number of visitors, the demographics have also changed dramatically - 94 percent or 46,871 people out of 49,712 visitors were men.

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