Armenian Central Bank expects certain recovery in tourism industry this year

YEREVAN, March 16. /ARKA/. Armenia's Central Bank expects the country's tourism industry to have a certain recovery this year, the chairman of the Central Bank Martin Galstyan told a press conference on Tuesday.

According to him, the anticipated growth is backed by several factors, including a dramatic decline in the number of confirmed new Covid-19 cases.

“Naturally, scenario developments in conditions of uncertainty may be different, one of which depends on the course of the Russian-Ukrainian conflict, but we expect the industry to see a certain growth this year as opposed to last year’s figures,” he said.

According to the National Statistical Committee of Armenia, the number of foreign tourists visiting Armenia in 2021 amounted to 870,308, compared to 360,338 in 2020, an increase of 2.4 times. The bulk of foreign tourists were from Russia (350,569 people or 40.3% of the total), Iran (91,148 people or 10.5%) and Georgia (70,630 people or 8.1%). In 2019, some 1,894,377 foreign tourists visited Armenia.-0-