Thursday, January 8 2026 12:26
Naira Badalian

Armenia to spend about $169mln on tourism development until 2030

Armenia to spend about $169mln on tourism development until 2030

ArmInfo.  As a result of the proper implementation of the Tourism Development Strategy of the Republic of Armenia for 2026-2030 and the corresponding Action Plan,  by 2030, sector revenues will reach $3.8 billion, state budget  revenues will amount to approximately $750 million, and approximately  20,000 additional jobs will be created. This was stated by Minister  of Economy Gevorg Papoyan, presenting the document at a government  meeting on January 8.

As stated in the explanatory note to the document, the need to  develop a strategic program stems from the need to ensure a  comprehensive solution to the problems facing the sector and to  coordinate ongoing reforms, including legislative ones.

Furthermore, the existence of a strategic program allows for the  coordination and resolution of a number of issues directly related to  tourists, their experiences, and the services provided, but the  resolution of such issues does not depend on the authorized state  body in the tourism sector. These issues include improving roads  leading to tourist sites, ensuring cleanliness, creating  infrastructure aimed at meeting the needs of tourists (including  restrooms), etc.

The strategic program will be considered a fundamental document for  the next five years of activity and will ensure the coordination of  the implementation of state programs in the tourism sector,  institutional reforms, and infrastructure improvements.

It is noted that approximately 165 million drams were spent on  activities implemented under the state support program in 2022, 1  billion drams in 2023, and 1.5 billion drams in 2024. In 2025, the  budget was reduced to 800 million drams. Given the increase in the  volume of activities planned for the coming years, the volume of  funds allocated from the state budget will increase in the coming  years due to the increase in the volume of marketing activities under  the annual programs.

The program's activities primarily focus on implementing an active  marketing policy, diversifying tourism products based on local  community resources, supporting the development of tourism  infrastructure and potential, attracting investment in the tourism  sector, developing international cooperation, improving the  statistical system, enhancing the quality of services, supporting  business initiatives in the sector, and supporting the activities of  tourism management organizations (DMOs) and tourism information  centers.  Particular attention will be paid to implementing marketing  measures to restore Armenia's tourism appeal.

The program will support individuals pursuing professional activities  in Armenia, leveraging the educational resources of leading  international higher education institutions outlined in the draft  Strategic Program. This will result in steps being taken to develop  human resources and support the needs of the private and public  sectors in tourism.

The program to improve tourism and regional infrastructure, as  envisaged by the Strategy, will be launched in 2026, with funding of  approximately 3 billion drams (this will be phased in subsequent  years, including World Bank co-financing).

"In 2023, the number of foreign tourists visiting Armenia was 2.3  million, which is approximately 39% more than in 2022 (1,665,700  tourists). In 2024, the total number of tourist visits was 2,208,179,  which is 4.7% less than in 2023. The downward trend continued in  2025. Therefore, the Strategic Plan will also contribute to the  restoration of tourist flow," the authors of the document state.  Specifically, by 2030, the number of foreign tourists is planned to  increase annually by 10% by enhancing Armenia's attractiveness,  bringing the number of international visits to approximately 3  million by 2030, resulting in an increase in annual revenue to $3  billion.

Forecasts aimed at increasing tourist flows will be realized through  the following strategic steps: improving infrastructure, attracting  investment, implementing planned active marketing activities,  ensuring quality services, developing human resources, intensifying  international cooperation, launching flights to new destinations, and  diversifying Armenia's tourist flow.

According to the Ministry of Economy, with proper implementation of  the Strategic Plan, by 2030 we will have 3 million inbound tourist  visits and 4.5 million domestic tourist visits, increasing sector  revenue to $3.5 billion.

The estimated funding for the activities planned within the framework  of the Strategic Plan and the program ensuring its implementation  amounted to approximately 65 billion drams.