Tbilisi Hospitality Market Overview, Insights from 1-3Q 2023
In the past ten years, Georgia has gone through an incredible transformation and emerged as a highly competitive tourist hotspot, drawing travelers from diverse regions such as the CIS, the Middle East, Europe, and Asia. The number of international visitor trips in Georgia has seen a remarkable upswing, reaching 7.7 million in 2019. Despite the hurdles posed by the COVID-19 pandemic, the tourism industry has made a remarkable recovery. In 2021, the country welcomed 1.721 million visitors, marking a 14% increase, and in 2022, there was a striking resurgence with 4.703 million visitors, a remarkable 173% increase. During the first nine months of 2023, Georgia received over 4.828 million visitors, signaling a 45% recovery compared to the same period in 2022.
Georgia has become a highly sought-after tourist destination, particularly for its neighboring countries. Moreover, the country has experienced a substantial influx of visitors from Central and Eastern Europe, with 2,611,238 guests in the first three quarters of 2023. Furthermore, there is a growing trend of visitors from Middle East and Asian countries as well.
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![OUTLOOK 2023](https://cushwake.ge/crop2.php?src=storage/images/Screenshot 2024-03-13 143239.png&ratio=1.649180328:1&dimension=503x305&x=&y=)
OUTLOOK 2023
![Tbilisi Office Market Overview Q1|Q2 2022-2023](https://cushwake.ge/crop2.php?src=storage/images/cove rof cover eng.png&ratio=1.649180328:1&dimension=503x305&x=&y=)