WEHOST: Price of Renting Apartments Reduced by 70%
The coronavirus pandemic has significantly reduced revenues in the area of daily apartment rentals. The reason is the significant drop in the price of apartments.
"Daily apartment prices are about 30% compared to the initial. If one night the apartment cost 100 GEL, now its price is 30 GEL. Prices have dropped by about 70%.
It is difficult to predict how long such a situation will last. We will probably not be able to return to the starting position until the spring of 2021. This is how we organize the whole company, ”said Nika Anjaparidze, the founder of Wehost at Business Partner.