Galt& Taggart report reads, that in 3Q23, international visitors to Georgia increased by 21.0% y/y to 2.3mn persons. The top source countries were Russia, Türkiye, and Armenia.
In total, 4.8mn international visitors came to Georgia in 9M23, with 3.7mn of them being tourists, while the rest consisted of same-day arrivals. These tourist arrivals represent 91.6% of the levels seen in the same period in 2019. Although arrivals remain below the 2019 levels, tourism revenues in 9M23 almost matched the full-year figure for 2019, increasing by 29.2% y/y to USD 3.25bn.
"We expect tourism revenues at US$ 4.2bn for the full 2023.
In 3Q23, tourism revenues increased by 5.3% y/y to USD 1.45bn. The top source of tourism revenues was Russia, contributing USD 285.3mn (19.7% of total), following Türkiye at USD 220.5mn and the European Union at USD 212 mn. Overall, tourism revenues reached USD 3.25bn (+29.2% y/y) in 9M23", the document reads.
