The Hospitality and Real Estate sectors are some of the fastest growing in Georgia. Since 2006, the number of international visitors to Georgia has increased over 800%, reaching 6.4m people in 2016. After witnessing a further 10% growth in Q1 2017, we believe that this trend will continue in the coming years.
The growth in the number of visitors is driven by improved infrastructure, a low crime rate and an increased awareness of Georgia following an international promotion campaign. Over the last decade, airline connectivity has significantly improved, with three international airports and four local hubs now in operation. Several new international hotel operators have entered the market and others are set to join them in the coming years.
Our plan is to tap into the growing hospitality and real estate market by developing a portfolio of hotels across Georgia. We will also consider developing leisure, entertainment and commercial facilities to further diversify our position within this sector.
Our plan is to tap into the growing market of hospitality and real estate by developing portfolio of hotels across Georgia. In order to further diversify within this field we will also consider development of leisure, entertainment facilities and commercial facilities.
The Fund will focus on investing in the following categories of projects: