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Research Paper | Economics & Finance | Georgia | Volume 14 Issue 1, January 2025 | Popularity: 5.4 / 10

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Air Passenger Market Analysis of International Airports of Georgia (2018-2023)

Otar Anguridze, Demetre Kokashvili, Ani Maisuradze

Abstract: This research delves into the transformation of Georgia's aviation sector, tracing its path from pre-pandemic stability to the profound impacts of the COVID-19 crisis and its subsequent recovery. The study examines the role of key international airports - Tbilisi, Kutaisi, and Batumi - and the influence of low-cost carriers, particularly Wizz Air, in driving passenger traffic growth. As Georgia's aviation market experienced a shift due to geopolitical tensions and the pandemic, passenger services sharply declined, with Kutaisi Airport halting operations for months. Yet, 2021 marked a turning point, with a 67% increase in passenger traffic, facilitated by expanded flight routes to Europe and Asia. By 2023, Georgian airports had fully rebounded, with passenger services up 36%, driven by new routes. Kutaisi Airport, in particular, emerged as one of Europe's fastest-growing airports, reflecting Georgia's broader aviation growth. With the country's strategic location and expanding tourism sector, Georgia's aviation industry is now a vital driver of economic development. The government's initiatives to expand and build new airports further reinforce the sector's potential, positioning it as a cornerstone for the future of the Georgian economy.

Keywords: Air Passenger Market; International Airports; Georgia; Passenger Traffic; Market Analysis

Edition: Volume 14 Issue 1, January 2025

Pages: 332 - 339

DOI: https://www.doi.org/10.21275/SR241227121042

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