TBC Research published a new report. According to the report, in the second half of June the forward occupancy rates of the surveyed branded hotels in Regions increased and totaled 22% as of June 15th reservations.
Circa 86% of June reservations were made by Georgian citizens, whereas non-residents made 14% of the bookings. The proportion changes in the following months, with 70% of bookings in July currently made by the foreigners.
In June, the YoY decline (%) in the room prices (ADR) in the surveyed hotels equaled circa -30% for Tbilisi, circa -40% for Batumi and circa -50% for the Regions.
The report notes, that the non-cash spending on hotels marginally improved due to the domestic tourism. By now, the residents remain a sole source of the spending on hotels in Georgia.
Moreover, further improvements are visible in Restaurant spending as restrictions have eased, with the change currently at -41% YoY in the week of 8-14th June.
In the second half of June the forward occupancy rates of the surveyed branded hotels in Regions increased and totaled 22% as of June 15th reservations.
Circa 86% of June reservations were made by Georgian citizens, whereas non-residents made 14% of the bookings. The proportion changes in the following months, with 70% of bookings in July currently made by the foreigners.
In June, the YoY decline (%) in the room prices (ADR) in the surveyed hotels equaled circa -30% for Tbilisi, circa -40% for Batumi and circa -50% for the Regions.
