Survey: middle-class hotels most profitable in ArmeniaDecember 14, 2012 - 18:00 AMT PanARMENIAN.Net - The survey conducted by Ameria Group divided Armenia’s hotels into economy class, midscale, upscale and upper upscale categories. Senior Research Specialist at Ameria CJSC noted that midscale category hotels yielded 13,6% profit, economy class - 13,1%, with upscale and upper upscale classes yielding 12,2% and 11,8% profit respectively. “The share of economy and midscale class hotels totals 77% and 12% respectively, with the share of upscale and upper upscale amounting to 8% and 3%,” Artashes Shaboyan said during a presentation of the survey on Armenia’s tourism industry and hotel service. Dwelling on hotel room prices, he noted that upsurge was reported in economy and upscale class hotels in the past two years, with drop observed in upper upscale class hotels. 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. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |