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.