Tourism receipts decreased in Georgia

Tourism receipts decreased in Georgia

access_time2019-05-14 13:47:44

According to Kakha Samkurashvili, research analyst at Galt & Taggart,  in 2019 the international  tourism revenue decreased compared to the same period of 2018 due to  a decline  in  the number of tourists from Iran to the 4-year low.

“In recent years, the growth in the number of tourists from Iran has made a significant share of the total tourist income. Now the tourist arrivals have decreased, but the decline is not offset by an increase in the number of wealthy tourists from other countries. Tourism revenues have increased slightly this year, much less than in previous years, ” Galt & Taggart analyst notes.

The number of tourists from Turkey has also fallen that caused a minimal growth in  the past 2 years.

“It’s worth mentioning that the expectations about the annual growth are still positive. The number of tourists are expected to grow by 12%, revenues generated from the tourism industry - by 11, 5%, ” the expert says.

Georgia’s central bank proves the decrease in the growth rate of tourist receipts saying that this year growth rate slumps to 4- years low.

In January-March 2019, tourists spent $ 578 million in Georgia, which is 5% more than in the same quarter of 2018, and this is the lowest rate in the past years - Georgia’s tourism receipts grew on average by 10% since 2015.


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