Total international arrivals (tourists and same-day arrivals) to Georgia rebounded significantly by 140.4% y/y to 82.5k persons in April 2021, according to GNTA. This growth was driven by a surge in tourist arrivals (+182.2% y/y) from last year’s low base.
The largest contribution to international visitor growth came from Israel (+140x higher y/y), followed by Turkey (+48.4% y/y) in April. Overall, in 4M21 total international arrivals stood at 212.7k (-81.6% y/y), of which tourist arrivals reached 192.4k (-75.7% y/y) persons.
Meanwhile, we estimate tourism revenues at US$ 98.3mn (-77.5% y/y) in 4M21.
Meanwhile, we estimate tourism revenues at US$ 98.3mn (-77.5% y/y) in 4M21.
