Tracking the Recovery

24 Jul, 2020
  • Slower week in mortgage issuance, while transaction registrations in Tbilisi keeps a slow trend of recovery
  • Reservations for July indicate a 4% occupancy in Tbilisi, 13% in Batumi, 28% in Kakheti and 16% in other regions (including Kutaisi, Borjomi, Kazbegi)
  • Occupancies are lower for SME hotels, although Kakheti leads the grid with 22%
  • Non-cash spending in restaurant showing slight decreases for the past two weeks, with the growth standing at -30% in the third week of July
  • Huge surge observed in non-cash spending on fitness, currently at -18% YoY compared to -63% the week before
  • Remittances inflow in TBC remaining at positive growth territory at +18% YoY in the during 13-19th July
  • Google mobility index mostly displays a recovery, except for working places and transit stations
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