“Hotel room stock maintained its growth trajectory in 1H24,” - according to the report published by Galt&Taggart.

"The total number of hotels increased 0.5% YTD to 1,194 units in 1H24, while room stock was up 1.9% YTD to 36,064 rooms. The majority of hotel rooms are concentrated in Tbilisi (36.5% of total) and Adjara (30.3%) as of 1H24", - G&T reports.

As for the hotel occupancy, the rates in Tbilisi surpassed 2019 levels in 1Q24