PMC Research published Monthly Tourism Update. According to the document, in October 2023, compared to October 2022, the Hotel Price Index (HPI) in Georgia decreased by 11.1%, with the yearly HPI at its lowest under the “guesthouses” category (-18.7%). Meanwhile, compared to September
2023, the HPI in October 2023 dropped by 11.3%.
"In October 2023, in Georgia the hotel price index1 decreased by 11.3% compared to September 2023. The 3-star, 4-star, and 5- star hotel price index decreased by 13.2%, while for guesthouses, the price index decreased by 10.9%.
The monthly HPI was the highest in Samegrelo-Zemo Svaneti (-2.6%) and lowest in Adjara (-25.0%).
In October 2023, compared to October 2022, hotel prices in Georgia decreased by 11.1%. The prices of 3*, 4*, 5* hotels decreased by 10.9% and the prices of guesthouses decreased by 18.7%.
The yearly HPI was the highest in Kvemo Kartli (26.0%) and lowest in Tbilisi (-18.3%).
In Georgia, the average cost of a room in a 3-star hotel was 152 GEL per night in October 2023, while the average cost of a room in a 4-star hotel in Georgia was 237 GEL per night and the average cost of a room in a guesthouse was 118 GEL per night.
The average cost of a room in a 5-star hotel in Georgia in October 2023 was 411 GEL per night. In Tbilisi, the average price was 562 GEL, followed by Guria – 530, Kakheti – 517, and Adjara – 319", - the document reads.
