Airbnb supply in Tbilisi growing at an astonishing pace. Over 2016-2018, the average monthly Airbnb rentals in Tbilisi increased 2.5x from 4,200 properties in 2016 to 10,300 in 2018, generating a market worth US$ 23mn.
Such a dramatic growth of the market raises questions:
- Is Airbnb profitable for hosts?
- How Airbnb affects long-term rental rates?
- Is Airbnb price competitive with hotel industry?
- Will Airbnb’s market share increase?
Please see the full note here to get answers along with up-to-date Airbnb data, peer comparison, and outlook of the sector.
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