26.Jun .2020 14:05

TBC Research: occupancy of the surveyed hotels is rising in Batumi and Regions

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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