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Hotel Price Index Up By 8.5% In March Y-O-Y – PMCG

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Natia Taktakishvili
03.05.22 12:00
484
PMCG Research Centre reports that the hotel price index increased in March 2022. Namely, in Georgia the hotel price index increased by 8.5% compared to February 2022. The 3-star, 4-star and 5-star hotel price index increased by 7.5%, while for guesthouses, the price index increased by 4.0%.

In March 2022, compared to March 2021, hotel prices in Georgia increased by 14.9%. The prices of 3*, 4*, 5* hotels increased by 16.6% and the prices of guesthouses increased by 19.0%.

In Georgia, the average cost of a room1 in a 3-star hotel was 152 GEL per night in March 2022, while the average cost of a room in a 4-star hotel in Georgia was 246 GEL per night and the average cost of a room in a guesthouse was 114 GEL per night.

The average cost of a room in a 5-star hotel in Georgia in March 2022 was 406 GEL per night. In Tbilisi, the average price was 574 GEL, followed by Kakheti - 451 GEL, Samtskhe-Javakheti - 373 GEL and Guria - 352 GEL.