The National Bank of Georgia (Geostat) publishes adjusted figures for tourism revenues. Georgia earned USD 393.7 million from international visitors in Q1. Including, revenues in March made up USD 174.5 million. If we compare the pre-pandemic figures, the recovery in tourism revenues was 68%compared to January-March 2019 ($ 578.4 million).
Revenue from tourism / National Bank data:
• January - USD 114 million
• February – USD 105. 2 million
• March - USD 174.5 million
In March, Georgia received the highest revenues from Russian (USD 34.3 million) and Belarusian (USD 29.3 million) tourists, it accounts for 36.4% of total revenues. The contribution of Israel and Ukraine in revenues was significant - 15.2 million and 14.1 million USD.
Revenues from tourism by countries Q1, 2022:
• Russia - USD 67.7 million
• EU - USD 44.4 million
• Turkey - USD 40.8 million
• Ukraine - USD 38.4 million
• Belarus - USD 37.9 million
• Israel - USD 35.1 million
• Azerbaijan - USD 16.6 million
• Armenia - USD 13.8 million
• Saudi Arabia - USD 12.1 million
• Iran - USD 10.7 million.
