Home / Business / Hotel Price Index Increased by 11.9% in Tbilisi

Hotel Price Index Increased by 11.9% in Tbilisi

According to PMC Research Center, December 2018, compared to November 2018, in Tbilisi, the hotel price index increased by 11.9%. The growth rate of guesthouse prices (21%) significantly exceeded the growth rate of 3*, 4* and 5* hotel prices (9.3%).

Notably, the given dynamics differs from the dynamics of the  of the previous year, when the overall price level of hotels in Tbilisi increased by 12.5%, the 3*, 4* and 5* hotel prices rose by 15.1%, while guesthouse prices grew only by 3.6%.

 In December 2018, compared to December 2017, the hotel price index increased by 1% in Georgia. The daily rates for standard double hotel rooms increased the most in Adjara (21.1%) and Samtskhe-Javakheti (14.8%). Whereas in Tbilisi, the overall price level of hotels decreased by 9.8%. This is mainly due to the price decreases in 3*, 4* and 5* hotels in Tbilisi. While the prices of 3*, 4* and 5* hotels decreased by 14.7% in Tbilisi, the prices of guesthouses increased by 9%. It is of note that during the previous year, the number of 3*, 4* and 5* hotels registered on booking.com in Tbilisi grew by 46%, while the pool of registered guesthouses expanded by 19.1%.

In Georgia, the average cost of a room1 in a 3-star hotel was 133 GEL per night in December 2018. The most expensive 3-star hotels in December in Georgia were in Samtskhe-Javakheti – 208 GEL. The average cost of a room in a 4-star hotel in Georgia in December 2018 was 240 GEL per night. The most expensive 4-star hotels in December was found in Samtskhe-Javakheti – 278 GEL.