Georgia Participates in the International Real Estates Exhibition Real Vienna 2011 , May 24-25

May 24-25, 2011

Vienna, Austria

International Real Estates Exhibition was opened in the Capital of Austria, Vienna. Georgian delegation is among the 50 participating countries of the event.

More than 4000 people visit the exhibition. Interested parties have the opportunity to receive information about large investment projects at the Georgian pavilion, including Anaklia and Kobuleti Free Touristic Zones, Batumi and Tbilisi - places for the development of hotel industry, Tskaltubo and Mestia development projects. The host of Georgian pavilion is the National Investment Agency of the Ministry of Economy and Sustainable Development of Georgia.

International Real Estates Exhibition in Vienna is one of the most prestigious events in central and Eastern Europe; largest investment companies willing to investment in real estates participate in the event. Heads of famous real estates companies, architects, developers, and representatives of state and private sectors attend the exhibition. 

“Estee Global” ranking company promulgated the results of its research according to which, 100 percent of rooms at Tbilisi Hotels are pre-reserved. Representatives of 5 largest hotels in Tbilisi – “Tbilisi Marriott,” “Courtyard Marriott,” “Radisson,” “Sheraton,” and “Holiday Inn” participated in the research. They are sure that the current tendency will continue in the future since the number of foreign visitors increases by 35-37 percent each year.

At this point Tbilisi has 52 hotels with about 2400 places. According to the Georgian side, the main catch for the foreign investors is that the construction of hotels will bring them profit very soon since it s one of the most incremental sectors in the country.