Bank of Georgia Growth and Reform Strategy
RECENT TREND - TOURIST ARRIVALS UP DESPITE RUSSIA'S FLIGHT BAN
International visitors by country
International visitors by type
Tourist arrivals by month
+7.3%
7.7mn
8
7.2mn
Source: GNTA
+7.3%
7.7mn
8
7.2mn
7
7
1.72mn
Other
2.64mn
1.62mn
a
2.44mn
+8.1%
Same-day
6
0.48mn
EU
0.39mn
5
5
1.15mn
1.09mn
Turkey
4
4
1.36mn
Armenia
1.26mn
3
3
+6.8%
5.08mn
4.75mn
Tourists
2
1.40mn
1.47mn
Russia
2
1
1
1.42mn
1.52mn
Azerbaijan
O
О
2018
2019
2018
2019
Source: GNTA
800
2.3%
400
2018 2019
350
700
300
1.0%
250
600
Annual growth
0.6%
200
18.0%
500
7.8%
18.0%
150
100
400
4.2%
4.3%
10.3%
5.9%
15.5%
50
5.1%
300
200
100
11
-100
о
-50
BANK OF GEORGIA
Jan Feb Mar Apr May Jun
Jul
Aug
Sep
Oct
Nov Dec
Tourism revenues at US$ 3.3bn in 2019
Tourism revenues, US$ mn
-% change y/y
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Source: NBG
70%
60%
50%
40%
30%
20%
10%
0%
-10%
59
59
-20%
Source: GNTAView entire presentation