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Georgian tourism revenues plunge

Finance Materials 18 March 2021 15:36 (UTC +04:00)
Georgian tourism revenues plunge

BAKU, Azerbaijan, March 18

By Tamilla Mammadova – Trend:

Georgia generated $10.4 million in tourism revenue in January 2021, which is 94.6 percent less than in the same period of last year, Trend reports via the macroeconomic environment survey of the National Bank of Georgia.

A decline in tourism revenues was caused by a decrease in tourists entering the country. In January of 2021, the number of tourist visits to the country decreased by 91.9 percent compared to the same period in 2020.

The declining trend continued in February, in particular, last month the number of tourism arrivals fell by 86.1 percent.

Top 10 countries from which visits were made to Georgia in February 2021:

1 Turkey - 15,983 visitors, a decrease of 75 percent;
2 Georgia (non-resident) - 5,760 visitors, a decrease of 84.4 percent;
3 Azerbaijan - 3,950 visitors, a decrease of 95.8 percent;
4 Russia - 2925 visitors, a decrease of 94.4 percent;
5 Uzbekistan - 1,256 visitors, a decrease of 13.8 percent;
6 Ukraine - 1,074 visitors, a decrease of 90.7 percent;
7 Kazakhstan - 443 visitors, a decrease of 83.6 percent;
8 Belarus - 408 visitors, a decrease of 86.2 percent;
9 Iran - 347 visitors, a decrease of 95 percent;
10 Tajikistan - 343 visitors, a decrease of 42.8 percent.

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