National Bank assesses dynamics of tourism income in Georgia

Tourism Materials 24 October 2019 18:10 (UTC +04:00)

BAKU, Azerbaijan, October 24

By Tamilla Mammadova – Trend:

The tourism income in Georgia is growing, Trend reports with reference to the National Bank of Georgia.

Revenues have been growing since the beginning of this year, while there has been a decline after the ban on air flights from Russia.

The decline in tourism revenues in July 2019 amounted to 13.3 percent compared to the same period last year, the bank said. In August this year, a decrease of 10.6 percent was recorded compared to August 2018.

In September, the annual decline was 4.9 percent, which shows an improvement over July-August 2019, the bank said.

According to the national bank, Georgia's revenues from the tourism sector amounted to $95.4 million in July, to $412.8 million in August and $318.6 million in September.