Employment Tracker (August, 2024)
25-Sep-2024
Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market.
In August 2024, 148 thousand persons received a monthly salary up to 600 GEL.
Over the past 6 months (from March 2024 to August 2024), the IT/Programming sector experienced a decline in the number of vacancies posted on jobs.ge compared to the same period of 2023.
In Q2 of 2024, as in the previous quarter, the labor market efficiency is returning to its pre-pandemic levels. However, further observation is needed to draw final conclusions.
Please refer to the full publication for more insights.
Quarterly Tourism Update (Q2, 2024)
19-Sep-2024
In Q2 of 2024, unlike the previous quarter, overnight visits did not fully recover to 2019 levels. Hotel representatives attributed this lag in recovery to civil protests and political instability in May over the Georgian government’s passing of the “Law on Transparency of Foreign Influence.”
The biggest increase in visits was recorded from China (127%), which is likely due at least in part to the number of direct flights between China and Georgia doubling.
From April to August 2024, average hotel prices in Adjara increased for 3-star hotels (5% YoY), 5-star hotels (10% YoY), and guesthouses (13% YoY), while the average 4-star hotel price declined by 15%.
Hotel Price Index (August, 2024)
04-Sep-2024
In Georgia, the average cost of a room in a 3-star hotel was 184 GEL per night in August 2024, while the average cost of a room in a 4-star hotel in Georgia was 272 GEL per night and the average cost of a room in a guesthouse was 114 GEL per night.
The average cost of a room in a 5-star hotel in Georgia in August 2024 was 586 GEL per night. In Guria, the average price was 1012 GEL, followed by Tbilisi – 687 GEL, Kakheti – 686 GEL, and Adjara – 575 GEL.
Employment Tracker (July, 2024)
22-Aug-2024
Our latest monthly publication, Employment Tracker, offers insights into recent developments in Georgia’s labor market.
In July 2024, the share of people receiving a lower monthly salary (up to 600 GEL) decreased (-2.9%), while the share of people receiving the highest salary range (9,600 GEL and more) increased (+0.6%).
In July 2024, the total number of vacancies published on jobs.ge was the highest since 2022.
Over the past 6 months (from February 2024 to July 2024), the fastest growing number of vacancies category was logistics, transport and distribution.
Please refer to the full publication for more insights.
Hotel Price Index (July, 2024)
06-Aug-2024
In Georgia, the average cost of a room in a 3-star hotel was 178 GEL per night in July 2024, while the average cost of a room in a 4-star hotel in Georgia was 272 GEL per night and the average cost of a room in a guesthouse was 114 GEL per night.