Hotel industry will become one of the developing areas of Armenia’s economy in the near future, Ameria Group’s Development Director said.

“We forecast significant growth of investments in the future,” Tigran Jrbashyan said during a presentation of the survey on Armenia’s tourism industry and hotel service.

He further noted that the inflow of tourists to Armenia is expected to exceed 1 mln by 2015, stressing the need to increase the number of hotel rooms in Yerevan.

The survey revealed 1,4-fold growth of the number of beds in hotels in the past 7 years due to the increase of the number of small hotels. The maximum compounded annual growth rate (CAGR) of international visits totaled 25,% in Georgia, 16,7% - in Armenia and 10,5% in Azerbaijan, with the figure proving the tourism development trends in Armenia.