“Golden Palace” New Hotel Complex To Open in Yerevan Middle of May

“GOLDEN PALACE” NEW HOTEL COMPLEX TO BE OPENED IN YEREVAN IN MIDDLE OF
MAY

YEREVAN, APRIL 28. ARMINFO. “Golden Palace” new hotel complex will be
opened in the middle of May, informed Armenian deputy minister for
trade and economic development Ara Petrossyan Apr 28.

In his opinion, a hotel sphere in Armenia is rich enough and there is
no need of new hotels. Moreover, this sphere is developed not only in
Yerevan but also in regions. Thus, the hotel problem is solved in
Shirak, Tavush and Gegharkunik regions. Petrossyan noted that Armenian
government intends to provide 20-25% growth of number of tourists and
exceed 300.000 people. “These forecasts are optimistic if no internal
or external excesses take place”, Petrossyan noted. 20 mln AMD are
allotted by country’s state budget to tourism development annually. To
note, 262.959 foreign tourists visited Armenia in 2004 (greater by
27.6% than in 2003). -r-

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