• NAME OF RESEARCH

    Georgia's Tourism Sector - Resisting Regional Turmoil

  • NAME OF AUTHOR

    Galt & Taggart

  • CATEGORY

    Tourism

  • YEAR

    2015-06-25

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International arrival numbers have remained stable in 2015 despite the regional economic turbulence. While foreign remittances and exports took significant hits in 5M15, monthly foreign arrivals have been resilient, growing a slight 0.4% y/y in April and a sharp 14.7% y/y in May, driving 5M15 growth rate to 2.0%. Notably, whereas the total number of visitors in 2014 increased by 2.3%, the number of tourists spending more than 24 hours in Georgia increased 7.4% y/y. On the spending side, travel revenues to Georgia increased 3.9% y/y to US$ 1.8bn in 2014, amounting to 10.8% of GDP.

The paper reviews the numbers and figures according to the statistical data and gives the main findings and recommendations.