Tracking the Recovery

2 Oct, 2020
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  • YoY change in mortgages standing at +20% YoY in the September 1-28 period. The share of state subsidy program beneficiaries in all mortgages issued since 6th of July remained relatively unchanged
  • Improvement observed in transaction registrations in Tbilisi at +10% YoY
  • The week’s change in the occupancy for large hotels in September indicate growth for Kakheti (+2p.p.), while no change has been observed for hotels in Tbilisi, Seaside, and other regions
  • Compared to the previous weekend, occupancy decreased for Kakheti and other regions but increased for seaside hotels standing at 63%, 35%, and 42%, respectively
  • Non-cash spending on hotels continuing the downward trend since the beginning of September while restaurants showing slight improvement compared to the previous week
  • Remittances inflow in TBC remain on the positive growth territory, standing at +15% YoY in the seven days of 20-26th  September
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