According to Nikol Pashinyan, Armenia’s Prime Minister, in the first quarter of 2019, the spending of the tourists arriving in the country exceeded the amount spent during the same period of the previous year by approximately 120 million US dollars.

The Central Bank of Armenia reported that around 85,000 more tourists visited Armenia from January to June 2019 compared to the same period of 2018. The tourists spent 75% more in restaurants, 36% more in travel agencies, 32% more in hotels, and 30% more in stores. The use of ATMs increased by 20% for the same period.

Artur Javadyan, the chairman of the Central Bank of Armenia, mentioned that the average tourist spending had increased more than 17% from 2013 to 2018, which encouraged the openings of approximately 300 hotels over the last six years (Armenia sees big increase in tourist spending, Emerging Europe (July 15, 2019) (in English)).