Tbilisi medium and large hotels see a slight increase in  demand

Tbilisi medium and large hotels see a slight increase in demand

access_time2022-05-18 17:13:13

There was slight increase in hotel demand in Tbilisi medium and large hotels - Pos payments in Tbilisi medium and large hotels recovered at 65.7% of 2019 levels or up 114.3% y/y in Apr-22. Contrasting pattern in the recovery of Airbnb and hotel markets in Tbilisi can be explained by distinct nature of migrants and tourists. Migrants intend to stay for an extended period of time in Tbilisi. Therefore, they are willing to pay less for accommodation and secure a long-term rental deals with Aibnb landlords.


Recovery in hotel revenues was solid in Adjara in Apr-22 (Pos payments in Adjara recovered at 132.3% of 2019 level or up 115.6% y/y), explained by ongoing recovery of tourism as seasonal demand in Adjara usually starts acceleration in Apr-May period.




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