15.Aug .2022 18:00

Galt & Taggart expects full recovery of tourism to pre-pandemic level

Galt & Taggart expects full recovery of tourism to pre-pandemic level
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The tourist arrivals recovery jumped to 80.6% in Jul-22, up from 64.1% recovery in previous month (relative to pre-COVID levels) in Georgia, reads an updated data of Galt & Taggart.

According to the study, same-day arrivals also climbed in July, recovering at 44.3% of Jul-19 level, up from a 33.3% in Jun-22. That said, 597.9 thousand international visitors (up 158.9% y/y, tourists and same-day arrivals combined) traveled to Georgia in Jul-22, with most visitors from Russia (26.2% of total), followed by Armenia (17.4% of total), and Turkey (16.1% of total). Notably, arrivals from Saudi Arabia, Belarus, Kazakhstan, India and Uzbekistan surpassed Jul-19 levels. Most visitors traveled to Georgia via land (68.6% of total), followed by air (30.4% of total).

"Notably, tourism revenues hit record high monthly figure US$ 476.1mn in Jul-22, surpassing 2019 level by 20.4%," the researchers state. 

Overall, in 7M22 tourist arrivals stood at 1.7mn persons (+162.5% y/y, 61.9% of 7M19 level) and tourism revenues reached US$ 1.6bn (+220.5% y/y, 87.4% of 7M19 level). "Considering strong revenues of recent months, we expect full recovery of tourism in 2022 compared to pre-pandemic levels," Galt & Taggart says.