Judging by the number of foreigners entering Georgia since 2004, tourism expanded at a breathtaking average pace of 32% a year, nearly doubling every three years. A simple extrapolation suggests that in four more years, by 2015, Georgia may be receiving more than 5mln tourists per year. Is this a realistic estimate? Would it be a blessing or a curse (in disguise)?
The growth in the number of visitors far outstripped the pace of investment in the tourism infrastructure, driving prices up and negatively affecting the quality of services. Thus, the ...
ISET Economist Blog
A blog about economics in the South Caucasus.
Nov
19
Nov
17
From Eurasianet:
According to Ivanishvili, who made his $5.5 billion fortune in the Russian banking and metals industries, such headline-grabbing purchases were part of a calculated business strategy -- opening a world-class art museum in the Georgian capital, Tbilisi, that can do battle with New York City’s Solomon R. Guggenheim museum and other prominent modern art centers.
"This all started because I thought about what I can do for the country, for tourism, to rejuvenate Georgia," Ivanishvili said during an interview with EurasiaNet.org. Some “one, tw...
Our Partners
