Audit and consulting company AGIC conducted A survey of hotel industry in Georgia
The data used in the study were taken from the website of the reporting portal, where annual financial statements are published in accordance with the legislation of Georgia. These hotels belong to companies of the first, second, third and fourth size categories.
Results of the Research
The study reviews hotels with a total turnover exceeding 449 million GEL, total assets of 1,625 million GEL, and total profit before taxation reaching 16 million GEL. The study identified the industry’s leading hotels by revenue, assets and profits.