Investor Presentaiton
m² hospitality & commercial real estate business - market opportunity
Arrivals of tourists and tourism revenue | Georgia
Source: Georgian National Tourism Administration
2.1
1.8
1.3
1.1
3.5
2.7
22
2.2
2.3
2.8
12.2
1.9
Source: STR
Key performance metrics of hotels | Tbilisi
145144136132
100
94 92 95
0.7
69 65 68 72
0.5
0.6
0.4
GEORGIA
CAPITAL
Arrivals at airports (min) | Georgia
Source: Georgian Civil Aviation Agency
CAGR 24%
2.8
2.3
1.8
2.0
45
1.4
34 33 36
1.2
0.9
4.1
2010 2011 2012 2013 2014
2015 2016 2017
20173M 20183M
Occupancy Rate (%)
ADR(US$)
Arrivals of tourists (min)
Tourism revenue(US$ bln)
Hotel Room Supply | Tbilisi
RevPar(US$)
Revenue(US$min)
2010
2011
2012
2013
2014
2015
2016
2017
2014 2015 2016
2017
Modern office stock supply(GLA'000) | Tbilisi
Source: Colliers International
# of hotel
3,591
5,967
rooms
7,331
Source: Colliers International
7,875
12,610
211
196
176
154
38%
40%
143
134
131
53%
57%
56%
111
21%
35%
25%
22%
22%
18%
17%
16%
13%
14%
21%
10%
6%
8%
7%
2014
2015
2016
2017
2020F
2012
2013
2014
2015
2016
2017
2018F
2019F
International upscale brands
International midscale brands
Local upscale & middle class
Local budget/economy class
Page 36View entire presentation