Property Georgia EXCLUSIVE

According to the overview carried out by global real estate services company, the number of properties listed on Airbnb grew significantly by 70% from 5,678 in 2016 to 9,679 in 2017. The Average Daily Rate (ADR) for Tbilisi’s Airbnb amounted to USD 43.

In 2017, 50% of listings were provided by hosts with just one listing. However, 32% of listings were offered by hosts who have more than two listings on Airbnb that might indicate professional undertakings through Airbnb. The share of such hosts was 10% in 2017.

The most popular districts among guests were Mtatsminda, Saburtalo and Chughureti. These districts accounted for 78% of all Airbnb booked nights.

“We expect the number of listed properties to grow significantly in upcoming years that will increase competition in the hotel market even further.” – stated Nino Makasarashvili, Research Analyst at Colliers International Georgia.

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