The National Bank of Georgia reports a continued increase in overdue loans within the hotel and tourism sector. As of February 2026, overdue credit in this industry reached 115 million GEL, accounting for 3.8% of the total portfolio. A year earlier, overdue loans stood at 78 million GEL, or 2.6% of the sector’s credit portfolio.
Despite recovery in other economic areas, lending to the hotel and tourism sector has stagnated for nearly three years at around 3 billion GEL. While overall bank lending grew by 14% this year, the sector’s credit portfolio slightly declined - from 3.04 billion GEL last year to 3.02 billion GEL in February 2026.
The slowdown appears linked to increased risks: rising overdue loans and concerns about oversupply in the hotel market. As a result, commercial banks have become more cautious, reducing financing for new hotel developments.
