According to TBC Research, the occupancy of the surveyed hotels is rising in Batumi and Regions in June, with occupancy rates reaching 9% and 31%, respectively.
The occupancy for the weekend nights of 12-13th and 19-20th June in certain regional hotels reached 60-80%, whereas in Batumi it reached 30-45%.
In coming months, the larger part of reservations for Batumi and Regions are booked pre-COVID-19, including March 2020. Given the closed borders, the greater part of these bookings is likely to be cancelled, whereas a lesser part will be substituted by the bookings by locals. The situation I broadly similar for Tbilisi, where 95% of the bookings for the remainder of the year are made by the foreigners.
In June, the ADR in the surveyed hotels was down YoY by - 30%, -40% and -50% in Tbilisi, Batumi and the regions, respectively
See all the news
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web