Average Hotel Prices in Georgia and Hotel Price Index (June 2018)
In Georgia, the average cost of a room1 in a 3-star hotel was GEL 143 per night in June 2018. The most expensive 3-star hotels in June in Georgia were in Samegrelo-Zemo Svaneti -164 GEL, Tbilisi -153 GEL and Adjara -150 GEL. The cheapest 3-star hotels in June in Georgia were found in Kvemo Kartli- 89 GEL, Imereti – 103 GEL and Guria – 120 GEL.
The average cost of a room in a 4-star hotel in Georgia in June 2018 was GEL 247 per night. The most expensive 4-star hotels for this month were found in Tbilisi – 268 GEL, Samtskhe-Javakheti – 257 GEL and Kakheti – 231 GEL. The cheapest 4-star hotels in June in Georgia were in Samegrelo-Zemo Svaneti – 173 GEL, Imereti – 197 GEL and Mstkheta-Mtianeti – 219 GEL.
The average cost of a room in a 5-star hotel in Georgia in June 2018 was GEL 403 per night. In Tbilisi, the average price was GEL 522, followed by Kakheti- 462 GEL, Adjara – 359 GEL and Samtskhe-Javakheti-GEL 330.
In June 2018, the average cost of a room in a guesthouse2 in Georgia was GEL 73 per night. The highest daily rates for guesthouses were found in Kvemo Kartli -148 GEL, Guria – 141 GEL and Adjara – 82 GEL. The cheapest guesthouses in June in Georgia were found in Shida Kartli – 56 GEL, Imereti – 59 GEL and Kakheti – 61 GEL.
In terms of apartments, on Airbnb in Georgia the average cost of an apartment in June was US$37. On Airbnb in Georgia among self-governing cities the highest average cost of an apartment in June was recorded in Batumi-US$51 (125 GEL), followed by Tbilisi-$42 (103 GEL), Poti-$41 (101 GEL), Kutaisi-$24 (59 GEL) and Rustavi-$23 (57 GEL).
According to Airbnb, in June, in Batumi, Tbilisi and Kutaisi the average cost of an apartment (Batumi- 125 GEL, Kutaisi- 59 GEL, Tbilisi – 103 GEL) were less than average cost of a room in a 3* hotel (Batumi -152 GEL, Kutaisi – 104 GEL, Tbilisi – 153 GEL).
Hotel Price Index
In June 2018, the hotel price index3 increased by 8.6% compared to May 2018. The daily rates for standard double hotel rooms increased mostly in Adjara – 29.1% and Guria – 16.6%. Such price increases in Adjara and Guria were due to the hotel price increases in Batumi, Kobuleti and Ureki.
In June 2018, compared to May, the daily rates decreased only in Shida Kartli and Racha, correspondingly by 8.5% and 2.3%. In Tbilisi the hotel prices only increased by 0.3%.
The increase of hotel prices in Georgia may be linked with the increased number of international travelers. The number of international travelers in June compared to May increased by 14.9%, and of these international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 11.4%4.
1 The results are based on the surveying of standard double hotel room prices of 3, 4, 5-star hotels and guesthouses in 10 regions of Georgia. Hotels were chosen arbitrarily according to random sampling principle. The study contains 71% (312) of all 3, 4 and 5-star hotels and 25% (456 guesthouses) of all guesthouses registered on www.booking.com The 3, 4 and 5-star hotel price data was collected by contacting hotels individually, while the prices of guesthouses were taken from booking.com. The average prices are arithmetic mean of standard double hotel room prices.
2 Guesthouse: a type of accommodation that is characterized by having a small number of rooms and services are usually offered by the resident family.
3 The calculation of the hotel price index is based on the recommendations given by the International Monetary Fund (IMF). The elementary aggregate price index is calculated by Jevons index (Consumer Price Index Manual-Theory and Practice (2004), Practical Guide to Producing Consumer Price Indices (2009)).
4 According to the Georgian National Tourism Administration, in June 2018, 727,385 international travelers visited Georgia. Of these, 399,989travelers stayed in Georgia for 24 hours or more. In May 2018, the number of international travelers was 633,086, of whom 359,744 travelers stayed in Georgia for 24 hours or more.