Tracking the Recovery

11 Sep, 2020
  • Of mortgages issued since 6th of July, 38% are beneficiaries of the state subsidy program
  • Improvement visible in transaction registrations of Tbilisi apartment sales, currently at -8% YoY
  • The week’s change in the occupancy for large hotels in September indicate growth for Kakheti (+8 p.p.), seaside (+2 p.p.), other regions (+3 p.p.), and Tbilisi (+1 p.p.)
  • Occupancy was up in large hotels for the weekend in other regions standing at 40% while it decreased for Kakheti and Seaside hotels standing at 73% and 54%, respectively
  • Non-cash spending on hotels down after increased spending the week before due to a long weekend
  • Remittances inflow in TBC remain on the positive growth territory, standing at +11% YoY in the seven days of 31st August - 6th September
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