Tracking the Recovery

27 Aug, 2020
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  • YoY change in mortgages increased drastically YoY in the week ending on 24th of August, given the week base of last year. Of mortgages issued since 6th of July, 35% are beneficiaries of the state subsidy program
  • Current bookings: Reservations for August indicate a 7% Post-COVID occupancy in Tbilisi, 26% in Seaside, 36% in Kakheti and 23% in other regions
  • In August, occupancies have grown for Batumi (+2 p.p.), Kakheti (+4 p.p.) and other regions (+1 p.p.), while remained unchanged for Tbilisi
  • Non-cash spending on hotels and restaurants back on the recovery track
  • Remittances inflow in TBC remain on the positive growth territory, standing at +19% YoY in the seven days of 17-23rd August
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