In the 1st quarter of 2023, the largest number of visitors came to Georgia from Russia. In particular, 256,787 visits were made from Russia to Georgia, which exceeds the pre-pandemic rate by 1.1%. Russia is followed by Turkey and Armenia.
"By countries, in Q1 2023, the highest revenue from Russian travelers amounted to USD 266.4 million, which is 29% more than in 2019.
It should be noted that according to the data of the National Bank of Georgia, as of March 31, 2023, 35.5% of Russian citizens in Georgia, 23.7% of Ukrainian citizens, and 44% of Belarusian citizens are assessed as staying or wishing to stay in Georgia for more than 1 year.
Accordingly, the expenses incurred by them are not included in the revenue received from international travel," PMCG said.