Average Hotel Prices in Georgia & Hotel Price Index - March
The 3-star, 4-star and 5-star hotel price index increased by 9% in March 2018, compared to February 2018. In March 2018, the daily rates for 3-star, 4-star and 5-star standard double hotel rooms increased significantly in Tbilisi (15.5%), while the daily rates decreased the most in Mtskheta-Mtianeti (-10.6%). During the last five months (November 2017-March 2018), in terms of regions, the most expensive 3-star and 4-star hotels were in Mtskheta-Mtianeti. In March 2018, 292,017 tourists visited Georgia, which is 64% more compared to February.
Average Hotel Prices
The average cost of a room1 in a 3-star hotel in Georgia was GEL 132 per night in March 2018. The most expensive 3-star hotels for this month in Georgia were in Mtskheta-Mtianeti region (exceeding the average price by 32%).
The average cost of a room in a 4-star hotel in Georgia in March 2018 was GEL 230 per night. The most expensive 4-star hotels for this month were found in Mtskheta-Mtianeti region (exceeding the average price by 19%).
Looking at the regional data, during the last five months the most expensive 3-star and 4-star hotels were in Mtskheta-Mtianeti. According to the National Statistics Office of Georgia, the highest average monthly salary across all regions in the hotels and restaurants sector was in Mtskheta-Mtianeti- 735.5 GEL (2016). Also, according to the Georgian National Tourism Administration’s quarterly reports, during the last three years the most popular region for domestic travelers for leisure and recreation purposes is Mtskheta-Mtianeti, after Adjara.
The average cost of a room in a 5-star hotel in Georgia in March 2018 was GEL 378. In Tbilisi, the average price was GEL 580, followed by Kakheti- 416 GEL, Samtskhe-Javakheti-GEL 349, and Adjara-GEL 255.
In March 2018, the average cost of a room in a guesthouse2 in Georgia was GEL 74. The highest daily rates for guesthouses were found in Kvemo Kartli and Guria for this month.
Hotel Price Index
In March 2018, the hotel price index3 increased by 6.4% compared to February 2018. The daily rates for standard double hotel rooms increased significantly in Tbilisi (11.5%), while the daily rates decreased the most in Mtskheta-Mtianeti (5.4%).
It’s worth to be noted that the number of international travelers in March compared to February increased by 31%. Of these international travelers, the proportion who stayed in Georgia for 24 hours or more (classified as tourists) increased by 64%4.
The 3-star, 4-star and 5-star hotel price index increased by 9% in March 2018 compared to February 2018. For these types of hotels, Tbilisi and Adjara regions experienced the highest price increases. The prices of standard double hotel rooms decreased in Mtskheta-Mtianeti compared to the previous month.
In guesthouses, the price index decreased by 2.2% in March 2018 compared to the previous month. In this type of accommodation, the biggest percentage price decrease for standard double rooms was recorded in Samtskhe-Javakheti region.
Hotel price dynamics November 2017-March 2018
After a hotel price increase of 9.3% in December 2017 (compared to November 2017), there was a decrease in both January and February before another monthly hotel price increase was recorded in March 6.4%. In the first two months of 2018, the prices of standard double hotel rooms declined compared to the previous months.
According to the data for the last five months, hotel prices in Kakheti, Imereti, Kvemo Kartli and Guria regions have been characterized by stability whereas hotel prices in Tbilisi, Samtskhe-Javakheti and Mtskheta-Mtianeti regions have fluctuated.
In March, the prices of standard double rooms in Tbilisi increased by 11.5%, whereas in Samtskhe-Javakheti and Mtskheta-Mtianeti regions these prices decreased by 4.5% and 5.4% respectively.
