05.Oct .2021 20:00

Compared to 2019, Tbilisi Airbnb Market Revenues Have Decreased by 60%

Compared to 2019, Tbilisi Airbnb Market Revenues Have Decreased by 60%
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A study published by TBC Capital shows that the total revenue of the electronic rental system in Tbilisi - the facilities located on Airbnb is still low compared to the pre-pandemic period.

According to the report, in August 2021, the total market revenue of Tbilisi AirBnb was 60% lower than in 2019.

 
In contrast to Airbnb, hotel occupancy has improved relatively, with the average occupancy rate being 67%, according to TBC Capital. More specifically, the level of a number of rooms in Tbilisi hotels in August was 73% (79% in 2019), and the average number of rooms in the seaside - 64% (75% in 2019).

As for room prices, the standard room price in August 2021 was reduced by 12% compared to the same period in 2019.