Revenues of Georgia's tourism sector down
Baku, Azerbaijan, September 17
By Tamilla Mammadova – Trend:
Despite the record number of visitors, the revenues of Georgia's tourism sector decreased by 10 percent ($46.8 million) and reached $396.1 million, according to macroeconomic data for August 2019, Trend reports citing the National Bank of Georgia.
Reportedly, the decrease is probably due to the Russian aviation embargo, which has delayed direct flights between the two countries since July 8, 2019.
The number of tourists visiting Georgia in August 2019 stood at 1,255,000, which is 5.8 percent more than in the same period of 2018
According to the National Bank, on average, those traveling by air spend more money than tourists traveling by land.
Reportedly, Georgia's tourism sector received $374.7 million in July, which is $57 million less than in the same period in 2018.