  Ameriabank promotes hotel business development in Armenia December 20, 2013 - 15:14 AMT PanARMENIAN.Net - Ameriabank CJSC invested AMD 9 million in construction of Hyatt Place Yerevan hotel, a world-known Hyatt Place hotel chain subsidiary. Total cost of the project amounted to $15 million. Over the last 15 years, Armenia posted a 8,6% Compound Annual Growth Rate (CAGR) for tourist inflow. The country’s popularity as a tourist destination is increasing, along with hotel occupancy rate. In 2012, Armenia posted tourist inflow of 843 830, up 11% from ear-earlier results. “Introduction of a new brand in Armenia will promote expansion of a competitive field in the accommodation sector, helping to boost quality of service and create jobs,” a statement said. The Republic Square-adjacent hotel occupies a territory of about 7000 square meters. 70 employees with an average salary of AMD 200000 were hired.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news “By Your Side”: IDBank's new support program for displaced Artsakh citizens  IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |
