The Hotel Price Index Was Down In February - PMC

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22.Mar .2023 11:00

The Hotel Price Index Was Down In February - PMC

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Author:Natia Taktakishvili

In February 2023, in Georgia, the Hotel Price Index (HPI) decreased by 1.6% compared to January 2023, - accoridng to the report published by the OMC Research Centre.

As of the document, the Hotel Price Index increased by 9.2% compared to February 2022, with the yearly HPI a its highest for the guesthouses category(18.3%).

In February 2023, compared to February 2022, hotel prices in Georgia increased by 9.2%. The prices of 3*,4*,5* hotels increased by 8.8% and the prices of guesthouses increased by 18.3%.

In Georgia, the average cost of a room in a 3-star hotel was GEL 140 per night in February 2023, while the average cost of a room in a 4-star hotel in Georgia was GEL 236 per night and the average cost of a room in a guesthouse was GEL 116 per night. The average cost of a room in a 5-star hotel in Georgia in February 2023 was GEL 392 per night. In Kakheti, the average price was GEL 562, followed by Tbilisi - GEL 489, Samtskhe-Javakheti - GEL 454 and Guria - GEL 339.

PMC Research Center Hotel Price Index