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Ameria Group: hotel industry to rapidly develop in Armenia

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  • Ameria Group: hotel industry to rapidly develop in Armenia

    Ameria Group: hotel industry to rapidly develop in Armenia

    December 14, 2012 - 16:10 AMT

    PanARMENIAN.Net - Hotel industry will become one of the developing
    areas of Armenia's economy in the near future, Ameria Group's
    Development Director said.
    `We forecast significant growth of investments in the future,' Tigran
    Jrbashyan said during a presentation of the survey on Armenia's
    tourism industry and hotel service.
    He further noted that the inflow of tourists to Armenia is expected to
    exceed 1 mln by 2015, stressing the need to increase the number of
    hotel rooms in Yerevan.
    The survey revealed 1,4-fold growth of the number of beds in hotels in
    the past 7 years due to the increase of the number of small hotels.
    The maximum compounded annual growth rate (CAGR) of international
    visits totaled 25,% in Georgia, 16,7% - in Armenia and 10,5% in
    Azerbaijan, with the figure proving the tourism development trends in
    Armenia.


    From: Baghdasarian
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