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Galt & Taggart shares overview of Georgia's tourism sector

Georgia Materials 15 November 2021 11:00 (UTC +04:00)

BAKU, Azerbaijan, Nov. 15

By Maryana Akhmedova – Trend:

Georgian's tourism sector continued to recover in October 2021 with tourist arrivals amounting to 43 percent of October 2019 level (before the COVID-19 pandemic), Trend reports citing weekly economic review from Galt & Taggart Investment Bank.

According to the report, an average recovery of tourist arrivals during the third quarter of 2021 accounted for 36.4 percent of 2019 level.

Meanwhile, same-day arrivals to Georgia in October 2021 accounted for 7.5 percent of October 2019, and for 30 percent of total international arrivals of the same period of 2019, the report said.

About 205,700 international visitors traveled to Georgia in October 2021, which is an increase of 313.7 percent year-on-year (tourists and same-day arrivals combined), Galt & Taggart said.

According to Galt & Taggart, main countries of origin for tourist arriving in Georgia in the reporting period of 2021 are Turkey, (17.4 percent share of total visits), Russia (14.2 percent share of total visits), and Armenia (9.4 percent share of total visits).

Furthermore, most visitors traveled to Georgia in the reporting period of 2021 via land (53.7 percent of total visits), and by air (45.5 percent of total visits).

Thus, total international arrivals to Georgia from January through October 2021 amounted to 1.4 million people, which is a decrease of 1.8 percent year-on-year, the bank said.

The same figure of 2021 accounted for 21.0 percent of 2019 level, the report said.

Tourism revenues in Georgia in the reporting period of 2021 reached $1 billion, which is an increase of 96.7 percent, compared to the same period of 2020.

The same index of 2021 accounted for 35.5 percent of 2019 level, Galt & Taggart said.

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