News

Armenia sees big increase in tourist spending

Armenia’s prime minister Nikol Pashinyan has said that tourists arriving to the country spent approximately 120 million US dollars more in the first six months of 2019 compared to the same period of the previous year.

Quoting a report from the Central Bank of Armenia, around 85,000 more tourists visited the country in the last six months compared to January-June 2018, adding that they spent 75 per cent more in restaurants, 36 per cent more in travel agencies, 32 per cent more in hotels and 30 per cent more in stores, while their use of ATMs increased by 20 per cent in the first half of the year.

The chairman of the Central Bank of Armenia, Artur Javadyan, noted that the average spending of tourists had increased by more than 17 per cent from 2013 to 2018, with 300 hotels opening over the last six years.