"It will, of course [affect tourist flow]. Russian citizens often visit. I cannot give you specific information on the number of Russian nationals who are currently living in our hotel. But there are a lot of them", a representative of one of Tbilisi hotels said.
Owners of restaurants and taxi drivers predicted a decrease in Russian tourism, as well.
"It is, of course, very bad. It is the beginning of the season. Tourism is economy, money and investment", they said.
Russian President Vladimir Putin suspended air traffic starting on 8 July, ordering that all Russian citizens currently in Georgia be returned.
Putin also instructed travel companies to remove package tours to Georgia for the ban period.
The Russian Association of Tour Operators said that there are currently some 5,000-7,000 Russians in Georgia on tours organized by travel companies, while up to three times more Russians are traveling on their own.
Putin’s decree was announced after violent protests erupted on Thursday in Tbilisi over the participation of a Russian delegation in an international parliamentary forum in country's capital. They subsequently grew into an opposition rally with demonstrators calling on the government to step down.
At least 240 people were reportedly injured in the unrest, while around 300 people were detained.
Moscow has slammed the response of Georgian leadership during the international event and said it was outraged by the actions of the protesters.