The survey conducted by Ameria Group revealed that the share of hotel business totals 0,6% of Armenia’s GDP, Senior Research Specialist at Ameria CJSC said.
“The index is expected to reach 0,8% by 2015, considering the current development trends. As of 2011, the share of Armenia’s hotel industry grossed 5,1% in service sector,” Artashes Shaboyan said during a presentation of the survey on Armenia’s tourism industry and hotel service.
He further noted that Armenian government developed a strategy targeting tourism industry and aiming to ensure average annual growth of 9%, with the tourist inflow to total 1.5 mln by 2020.
“The sector must ensure employment of 1,9%. The growth of tourism industry totaled 9,4% in September 2012,” Mr. Shaboyan said, forecasting 10% increase by the yearend.
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.
