Average Hotel Prices & Hotel Price Index – February 2019

In February 2019, in Georgia the hotel price index decreased by 1.7% compared to January 2019. In Tbilisi, the hotel prices decreased by 1.9%. The decrease of hotel prices in Georgia, can be linked to decreased number of tourists’ trips. In February 2019, compared to January 2019, the number of international travelers trips in Georgia decreased by 11.2%, while among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) decreased by 19%.

The number of international travelers visiting Georgia in February 2019, compared to February 2018, decreased by 0.4%. However, of these international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 5.1%. This was expected to have a positive effect on hotel price increases, however in February 2019, compared to February 2018, in Georgia the hotel price index decreased insignificantly by 0.4%. This was mainly due to price decreases of guesthouses. While, the 3-star, 4-star and 5-star hotel price index increased by 2.2%, for guesthouses, the price index decreased by 2.9%.

It's worth to be mentioned that the revenue from international travelers amounted 3.2 billion USD in 2018. According to countries, the most revenue from international travelers was received from Russia - 26.3% (USD 842 mln), followed by Turkey - 13.7% (USD 437 mln), and EU countries - 12.3% (USD 394 mln). In 2018, compared to 2017, the shares of revenues from internationals travelers from Turkey, Ukraine, Armenia and Iran decreased, while shares of Russia, EU countries and Iran increased.

Average Hotel Prices

In Georgia, the average cost of a room1 in a 3-star hotel was 122 GEL per night in February 2019. The most expensive 3-star hotels in February in Georgia was in Mtskheta-Mtianeti – 200 GEL.

The average cost of a room in a 4-star hotel in Georgia in February 2019 was 221 GEL per night. The most expensive 4-star hotels in February was found in Mstkheta-Mtianeti– 322 GEL.

The average cost of a room in a 5-star hotel in Georgia in February 2019 was 488 GEL per night. In Tbilisi, the average price was 601 GEL, followed by Adjara – 475 GEL, Samtskhe-Javakheti - 383 GEL, and Kakheti - 353 GEL.

In February 2019, the average cost of a room in a guesthouse2 in Georgia was 69 GEL per night. The highest daily rates for guesthouses, were found in Guria – 106 GEL.

Hotel Price Index

In February 2019, in Georgia the hotel price index3 decreased by 1.7% compared to January 2019. The daily rates for standard double hotel rooms decreased the most in Guria (-4.6%) and Kvemo Kartli (-4.3%). In Tbilisi, the hotel prices decreased by 1.9%.

Among ten regions of Georgia and Tbilisi, in February 2019, compared to January 2019, the hotel prices increased slightly only in Kakheti (0.6%).

The 3-star, 4-star and 5-star hotel price index decreased by 1.8% in February 2019, compared to January 2019. In these types of hotels, the highest price decreases were recorded in Kvemo Kartli and Guria. In Tbilisi, the 3*, 4* and 5* hotel prices decreased by 2.1%. In February 2019, compared to January 2019, the 3*, 4* and 5* hotel prices increases was recorded only in Kakheti.

For guesthouses, the price index decreased by 1.7% in February 2019, compared to January 2019. Like 3*, 4* and 5* hotels, in this type of accommodation, the biggest percentage price decreases for standard double rooms were recorded in Guria and Kvemo Kartli. The price increase of guesthouses was not recorded in any of the regions. In Tbilisi, the prices of guesthouses decreased by 1.1%.

In February 2019, compared to January 2019, the decrease of hotel prices in Georgia, can be linked to decreased number of tourists trips. In February 2019, compared to January 2019, the number of international travelers trips in Georgia decreased by 11.2%, while among the international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) decreased by 19%4.

In February 2019, compared to February 2018, in Georgia the hotel price index decreased insignificantly by 0.4%. This was mainly due to price decreases of guesthouses. The daily rates for standard double hotel rooms decreased the most in Shida Kartli (-7.2%) and Racha (-6.4%). In Tbilisi, the overall price level of hotels decreased by 4.3%. Among the regions of Georgia and Tbilisi, in February 2019, compared to February 2018, hotel prices increased in Adjara (6.9%), Samtskhe-Javakheti (5.5%), Guria (5.1%) and Mtskheta-Mtianeti (2%).

It’s worth to be noted that the number of international travelers in February 2019, compared to February 2018, decreased by 0.4%. However, of these international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 5.1%.

In Georgia, the 3-star, 4-star and 5-star hotel price index increased by 2.2% in February 2019, compared to February 2018. In these types of hotels, the highest price increases were recorded in Samtskhe-Javakheti and Adjara. During this period, in Tbilisi, the prices of these types of hotels decreased by 4.5%.

In February 2019, compared to February 2018, for guesthouses, the price index decreased by 2.9%. In this type of accommodation, the biggest percentage price decreases for standard double rooms were recorded in Samegrelo-Zemo Svaneti and Racha. During this period, in Tbilisi the prices of guesthouses decreased by 3.4%.