Tuesday, May 19 2020 20:51
Alina Hovhannisyan

Expert: Recovery of tourism revenues should be expected in April 2021

Expert: Recovery of tourism revenues should be expected in April 2021

ArmInfo. Under the most  optimistic scenario, the restoration of the main tourism industry in  Armenia should be expected in April next year. A similar opinion on  May 19 during the working discussions in the Parliament with the  participation of representatives of the tourism industry was stated  by the Head of the Tourism Federation of the Republic of Armenia  Mehak Apresyan.  At the same time, he emphasized that from the end of  August and the beginning of September of this year a gradual  resumption of tourist inflows is already possible. In particular,  Apresyan noted that the tourism sector received the most severe blow  from the coronavirus epidemic, the subjects of which have completely  lost their income, and this is in the presence of many credit and tax  obligations. Having greeted the government's measures aimed at  mitigating the socio-economic consequences of the pandemic, which, he  said, had been taken quite quickly, the head of the Federation  emphasized that state assistance, as it turned out, had not affected  the tourism sector.

"The tourism sector has features, and if we want support measures in  the tourism industry to be more targeted, it is imperative to take  them into account," Apresyan said. In this regard, he emphasized that  the Tourism Federation, having analyzed the problems of the sphere,  developed proposals for supporting the industry, and submitted them  to the government.

The head of the Federation noted that all anti-crisis government  packages that market players could take advantage of are not  practical and need to be amended. Therefore, as Apresyan noted, there  is a need to develop a separate package of anti-crisis measures  specifically for the tourism industry.

In addition, the expert, who led the field within the Ministry of  Economy for many years, emphasized that before the restoration of  international tourism it is necessary to work on stimulating domestic  tourism, which involves making changes at the institutional level. In  this regard, he referred to the need to develop a favorable fiscal  policy for this area.

It should be noted that, according to the Statistical Committee of  the Republic of Armenia, 311,264 people visited Armenia in the I  quarter (with a decline of 14.6% per annum), and 275 716 people left.  (with an annual decline of 13.3%).

POST A COMMENT
Input digits     


News
Cargo Exchange: In Armenia, demand for import cargo transportation  increased by 20%, while export demand decreased by 14%Cargo Exchange: In Armenia, demand for import cargo transportation  increased by 20%, while export demand decreased by 14%
NA opposition factions  appeal to  CC, challenging constitutionality  of  law on  nationalization of ENANA opposition factions  appeal to  CC, challenging constitutionality  of  law on  nationalization of ENA
Horizon Camp: With AraratBank`s Support - Towards Leadership and Financial LiteracyHorizon Camp: With AraratBank`s Support - Towards Leadership and Financial Literacy
Team launches powerful solar power plant in Gegharkunik with 16  million kWh annual production capacity Team launches powerful solar power plant in Gegharkunik with 16 million kWh annual production capacity
Armenia, Uruguay discuss opportunities for expanding economic  cooperationArmenia, Uruguay discuss opportunities for expanding economic cooperation
Situation with Armenian cognacs  improved in Russia, but challenges  persistSituation with Armenian cognacs  improved in Russia, but challenges  persist
Flower crisis: Armenia, Russia discuss delivery conditions,   producers suffer lossesFlower crisis: Armenia, Russia discuss delivery conditions,   producers suffer losses
Digital platform for public procurement to be introduced in ArmeniaDigital platform for public procurement to be introduced in Armenia
Sofia to host meeting of Armenian-Bulgarian Commission on economic  and scientific-technical cooperationSofia to host meeting of Armenian-Bulgarian Commission on economic  and scientific-technical cooperation
Economist on flower producers` issues: The Armenian government is  caught up in geopolitical games, with repercussions  ultimately  impacting the country`s citizensEconomist on flower producers` issues: The Armenian government is  caught up in geopolitical games, with repercussions  ultimately  impacting the country`s citizens
Etihad Airways to launch Abu Dhabi-Yerevan flight Etihad Airways to launch Abu Dhabi-Yerevan flight 
Gazprom Armenia working at gas transportation system facilitiesGazprom Armenia working at gas transportation system facilities
143 trucks with liquified gas enter Armenia in four days - minister 143 trucks with liquified gas enter Armenia in four days - minister 
1,775 trucks with Armenian apricots enter Russia - minister 1,775 trucks with Armenian apricots enter Russia - minister 
Armenian Ardshinbank planning to acquire HSBC MaltaArmenian Ardshinbank planning to acquire HSBC Malta
Armenia recognizes the need for direct flights with the Netherlands - David Khudatyan
Minister of Economy: 99 trucks with liquefied gas enter ArmeniaMinister of Economy: 99 trucks with liquefied gas enter Armenia
Rosselkhoznadzor to negotiate with competent Armenian agency on   Armenian flower supply issues Rosselkhoznadzor to negotiate with competent Armenian agency on Armenian flower supply issues
Armenia`s energy transformation rating remains unchanged for the past  9 years - Luys FoundationArmenia`s energy transformation rating remains unchanged for the past  9 years - Luys Foundation
In Armenian insurance market  loss ratio for OSAGO decreased to 73.3%  by July 2025In Armenian insurance market  loss ratio for OSAGO decreased to 73.3%  by July 2025
Yerevan Municipality records 88.5% budget performance in first half  of 2025 Yerevan Municipality records 88.5% budget performance in first half  of 2025 
Armenian NPP connected to country`s power grid ahead of schedule Armenian NPP connected to country`s power grid ahead of schedule 
In Armenian interbank foreign exchange market, dollar transactions decreased while ruble transactions increased from July 7-11, 2025In Armenian interbank foreign exchange market, dollar transactions decreased while ruble transactions increased from July 7-11, 2025
Seven organizations from Armenia to resume flower supplies to RussiaSeven organizations from Armenia to resume flower supplies to Russia
14,757 applications submitted under bad loan program 14,757 applications submitted under bad loan program 
Idram and Alipay+ Facilitate Cross-Border QR Payments in Armenia, Connecting Local Merchants with Global Digital Wallet UsersIdram and Alipay+ Facilitate Cross-Border QR Payments in Armenia, Connecting Local Merchants with Global Digital Wallet Users
Solid waste management program should be implemented throughout  Armenia - Vardan Kostanyan Solid waste management program should be implemented throughout  Armenia - Vardan Kostanyan 
Rossotrudnichestvo and South Caucasus Railways sign memorandum of  cooperationRossotrudnichestvo and South Caucasus Railways sign memorandum of  cooperation
Ardshinbank Participated in Tech Week Vanadzor 2025Ardshinbank Participated in Tech Week Vanadzor 2025
Armenia, WIPO discussed ways to enhance collaborationArmenia, WIPO discussed ways to enhance collaboration
Gevorg Papoyan: Effective protection of intellectual property is  crucial for sustainable economic growthGevorg Papoyan: Effective protection of intellectual property is  crucial for sustainable economic growth
Daily regulation reservoirs in Hovnanadzor to serve 9 villagesDaily regulation reservoirs in Hovnanadzor to serve 9 villages
Armenia`s government to develop cooperation with jewelry industry Armenia`s government to develop cooperation with jewelry industry 
ADB to provide Armenia with $3mln for school reconstruction in  Voskepat village ADB to provide Armenia with $3mln for school reconstruction in  Voskepat village 
Armenia`s government to direct huge funds to information and  cybersecurity Armenia`s government to direct huge funds to information and  cybersecurity 
Armenia top ratify EAEU agreement on Permissible Weights, Axle Loads and Dimensions of VehiclesArmenia top ratify EAEU agreement on Permissible Weights, Axle Loads and Dimensions of Vehicles
EIB to provide Armenia with EUR 50mln for Armenia - Resilient Syunik programme EIB to provide Armenia with EUR 50mln for Armenia - Resilient Syunik programme 
"Business Process Optimization with AI" – a Course for the Senior Management of AraratBank
IBRD to provide Armenia with EUR 96.4mln for implementation of Tourism and Regional Infrastructure Development programIBRD to provide Armenia with EUR 96.4mln for implementation of Tourism and Regional Infrastructure Development program
Armenia`s government to direct 1.189bln to co-financing of local communities development programmes Armenia`s government to direct 1.189bln to co-financing of local communities development programmes 
ANC condemns nationalization of ENA, violation of property rights ANC condemns nationalization of ENA, violation of property rights 
EAEU countries to start testing transportation digitalization in first half of 2026EAEU countries to start testing transportation digitalization in first half of 2026
Central Bank: RA Law Central Bank: RA Law "On Crypto Assets" entered into force in Armenia on July 4, 2025
Gohar Barseghyan:  EEC consistently promotes the enhancement of industrial cooperationGohar Barseghyan:  EEC consistently promotes the enhancement of industrial cooperation
Armenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factorArmenia`s foreign trade sees sharp decline after neutralization of diamond and gold re-export factor
Every year, Lori region loses $40 million due to untapped tourism  potentialEvery year, Lori region loses $40 million due to untapped tourism  potential
We are going round in circles: Aram Kocharyan on  current IT  situation in ArmeniaWe are going round in circles: Aram Kocharyan on  current IT  situation in Armenia
Net direct foreign investments in Armenia`s economy up Net direct foreign investments in Armenia`s economy up 
RA president signs laws nationalizing ENA CJSCRA president signs laws nationalizing ENA CJSC
Responsible innovations instead of offshores - CB Responsible innovations instead of offshores - CB 
Armenia, Uruguay to increase bilateral trade turnover Armenia, Uruguay to increase bilateral trade turnover 
Armenian vice-premier takes part in EEC Council`s meeting Armenian vice-premier takes part in EEC Council`s meeting 
Yerevan to host Black Sea Trade and Development Bank`s Annual Meeting  Yerevan to host Black Sea Trade and Development Bank`s Annual Meeting  
Solid Municipal Waste Management project launched in HrazdanSolid Municipal Waste Management project launched in Hrazdan
Armenian IT sector`s output developed as compared with other regional states - expert Armenian IT sector`s output developed as compared with other regional states - expert 
Lawyer on `legal terror` surrounding ENA Lawyer on `legal terror` surrounding ENA 
AraratBank participated in the WEPs regional experience-sharing workshopAraratBank participated in the WEPs regional experience-sharing workshop
1,507 trucks with apricots leave for Russia since beginning of summer 1,507 trucks with apricots leave for Russia since beginning of summer 
TechWeek transforms Vanadzor into an innovation hubTechWeek transforms Vanadzor into an innovation hub
In Q1 2025, unemployment rate in Armenia decreased to 13.9%In Q1 2025, unemployment rate in Armenia decreased to 13.9%
Read more
Exchange rates
15.07.2025
RUB4.910.01
USD384.12-0.02
EUR448.81-0.44
GBP516.87-1.22
CAD280.75-0.24
JPY26.00-0.09
CNY53.54-0.06
CHF482.620.21