SEPTEMBER: Average Hotel Prices in Georgia & Hotel Price Index

In Georgia, the average cost of a room1 in a 3-star hotel was 135 GEL per night in September 2018. The most expensive 3-star hotels in September in Georgia were in Tbilisi – 153 GEL and in Samtskhe-Javakheti – 151 GEL. The cheapest 3-star hotels in September in Georgia were found in Guria – 74 GEL and in Kvemo Kartli- 85 GEL.

The average cost of a room in a 4-star hotel in Georgia in September 2018 was 244 GEL per night. The most expensive 4-star hotels in September were found in Kakheti – 336 GEL and Samtskhe-Javakheti – 269 GEL. The cheapest 4-star hotels in September in Georgia were found in Samegrelo-Zemo Svaneti – 153 GEL and Guria – 180 GEL.

The average cost of a room in a 5-star hotel in Georgia in September 2018 was 521 GEL per night. In Tbilisi, the average price was 619 GEL, followed by Adjara – 527 GEL, Kakheti – 400 GEL, and Samtskhe-Javakheti - 383 GEL.

In September 2018, the average cost of a room in a guesthouse2 in Georgia was 70 GEL per night. The highest daily rates for guesthouses were found in Guria – 122 GEL and Kvemo Kartli -104 GEL. The cheapest guesthouses in September in Georgia were found in Shida Kartli – 56 GEL and Imereti – 58 GEL.

Hotel Price Index

In September 2018, in Georgia the hotel price index3 decreased by 5.9% compared to August 2018. The daily rates for standard double hotel rooms decreased the most in Guria (-22.5%) and Adjara (-21.5%).

Among ten regions of Georgia and Tbilisi, in September 2018, compared to August 2018, hotel prices increased only in Racha. In Tbilisi, in September compared to August, the overall price level of hotels did not change.

The 3-star, 4-star and 5-star hotel price index decreased by 6.4% in September 2018 compared to August 2018. In these types of hotels, the prices decreased in all regions of Georgia. The highest price decreases were recorded in Guria (-38.7%) and Adjara (-20.4%). In Tbilisi, prices only decreased by 0.2%.

For guesthouses, the price index decreased by 5.7% in September 2018 compared to August 2018. In this type of accommodation, the biggest percentage price decreases for standard double rooms were recorded in Adjara and Guria. In September, compared to August, the prices of guesthouses increased only in Racha and Tbilisi.

Hotel Prices in Tbilisi

During October 2017 – September 2018 period, the highest average hotel prices in a 3* hotel in Tbilisi was recorded in December 2017 – 165 GEL, the lowest average price was recorded in February 2018 – 124 GEL.

In a given period, like 3* hotels, the highest average price in 4* hotel in Tbilisi was recorded in December 2017 – 293 GEL, the lowest – in February 2018 – 214 GEL.

For guesthouses, in Tbilisi, the highest average price was recorded in September 2018 – 79 GEL, the lowest in March 2018 – 68 GEL.

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 * Preliminary results