Tbilisi and Batumi are main suppliers of hotel rooms. In 2019, the total number of hotel rooms in Tbilisi increased by 23%, amounting to 12,430 units. Batumi’s supply rose to 6,341 rooms, reflecting a 13% increase. Taking the pipeline into consideration, these two cities will remain Georgia’s top suppliers over the next five years.
The Airbnb market is impressively competing with hotels, almost tripling its total market revenue since 2017.
The international upscale hotel supply has significantly increased in Tbilisi during the past couple of years, driving the performance indicators downwards. Overall, the market size experienced an insignificant decline, compensated by the substantial increase of the Airbnb market that accumulated USD 35 million in 2019. Therefore, the overall accommodation market recorded a modest 2% growth.