Investments in hotel business in Armenia prove profitable – ministry of economy

Investments in hotel business in Armenia prove profitable – ministry of economy

YEREVAN, August 14. /ARKA/. Investments in hotel construction are becoming profitable, said Mekhak Apresyan, head of tourism department at Armenia’s ministry of economy.

There is growing demand for hotels, not necessarily 4- and 5-stars) due to tourism development, Apresyan told reporters on Wednesday.

Today about 60% of hotels is in Armenia’s regions and the range of the offers is expanding (from first-class hotels to B&B), he said.

Internal tourism has grown as well due to the social security package system available in the country. Some 8,050 people took the advantage of their packages for spending their vacation in the country in the first half of 2014, compared to only 2,396 in H1 2013, Apresyan said.

The ministry of economy says 495,967 tourists visited Armenia in the first half of this year, an increase of 17.3% compared to the same period of 2013. Number of Armenian tourists travelling abroad was 474,989+ in the reporting period, a 14.8% increase against the level of the same period 2013. –0--

13:12 14.08.2014

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