HY RU EN

Seda Hergnyan

Gross Earnings for Armenia's Hotels Down 51% in 2014

Gross earnings for the 268 hotels and other tourist accommodations operating in Armenia was 24.955 billion AMD (US$52.8 million) in 2014, a 51.5% drop when compared to 2013 gross earnings of 51.273 billion.

89 of the above 268 hotel establishments are located in Yerevan, Armenia’s capital.