11:47 - 20.02.2025

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February 20, Fineko/abc.az. The hotels in Azerbaijan generated income of 694 million manats in 2024, most of which accounted for November.

ABC.AZ reports that according to the State Statistics Committee, the figure is 42% more than last year. The volume of income in Baku grew by 51% up to 474.2 million manats.

The main growth accounted for November. Thus, in November, hotel revenues amounted to 120.65 million manats. The indicator is 74% more than in previous months and even in July and August, when tourism was the most active.

The expenses of hotels in Azerbaijan reached 510.4 million manats.

Thus, the hotel industry received tax-free profit of 183.75 million manats. While last year the profit totaled only 98.73 million manats.