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"Golden Palace" New Hotel Complex To Open in Yerevan Middle of May

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  • "Golden Palace" New Hotel Complex To Open in Yerevan Middle of May

    "GOLDEN PALACE" NEW HOTEL COMPLEX TO BE OPENED IN YEREVAN IN MIDDLE OF
    MAY


    YEREVAN, APRIL 28. ARMINFO. "Golden Palace" new hotel complex will be
    opened in the middle of May, informed Armenian deputy minister for
    trade and economic development Ara Petrossyan Apr 28.

    In his opinion, a hotel sphere in Armenia is rich enough and there is
    no need of new hotels. Moreover, this sphere is developed not only in
    Yerevan but also in regions. Thus, the hotel problem is solved in
    Shirak, Tavush and Gegharkunik regions. Petrossyan noted that Armenian
    government intends to provide 20-25% growth of number of tourists and
    exceed 300.000 people. "These forecasts are optimistic if no internal
    or external excesses take place", Petrossyan noted. 20 mln AMD are
    allotted by country's state budget to tourism development annually. To
    note, 262.959 foreign tourists visited Armenia in 2004 (greater by
    27.6% than in 2003). -r-
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