Tuesday, October 31 2023 18:15
Alina Hovhannisyan

Vahan Kerobyan: Armenia`s tourism budget grown 6.5-fold over past 3  years

Vahan Kerobyan: Armenia`s tourism budget grown 6.5-fold over past 3  years

ArmInfo.The tourism budget in 2024 will be 13.2 billion drams. Minister of Economy of Armenia Vahan Kerobyan stated on October 31 at the RA NA Standing Committees' hearings on the draft state budget of the country for 2024. In this regard, he emphasized that over the past 3 years, the tourism budget  in Armenia has increased 6.5-fold.

Kerobyan noted that 1.5 billion drams will be allocated for marketing  operations alone next year, against 990 million drams in 2023 and 170  million drams in 2022.

According to the minister, the increase in the budget for the tourism  sector is also conditioned by the implementation of the new World  Bank's Tourism and regional infrastructure project (TRIP), which  envisages the introduction of new quality infrastructures in 20  tourism clusters to be established.

He emphasized that currently one tourist spends an average of $1.2  thousand in Armenia. The state budget from one tourist receives an  average of about 44 thousand drams, that is, in general, as the  minister noted, citing data from the research center, the state  budget of Armenia is replenished from incoming tourism by 100 billion  drams. Kerobyan noted that with the implementation of the TRIP, which  is aimed at improving the quality of services in the field of tourism  and the quality of infrastructure, it will be possible to attract  tourists to Armenia who will spend from $1.5 thousand to $2 thousand  in our country.

The minister also said that a certain part of the budget will be  allocated to the development of MICE tourism (Meetings, incentives,  conferences and exhibitions tourism, business tourism associated with  the organization and holding of corporate events).

According to the data of the Armenian Tourism Committee, in Jan-Sept  of this year, 1.85 million tourists visited our country, which is 49%  higher than a year ago.

Traditionally, the lion's share of vacationers in Armenia are  tourists from Russia (51%), followed by citizens of Georgia (10%),  Iran (6%), the USA (3%), as well as India, France, Ukraine, Germany,  Belarus and China (1% each).