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Investments In Hotel Business In Armenia Prove Profitable - Ministry

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  • Investments In Hotel Business In Armenia Prove Profitable - Ministry

    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--

    http://arka.am/en/news/economy/investments_in_hotel_business_in_armenia_prove_pro fitable_ministry_of_economy/#sthash.ZRF8GWs8.dpuf

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