Investment Projects, Business Armenia Forest Lake Resort & Spa | Page 10

According to preliminary observations, the occupancy of the hotel rooms has a strong fluctuation between 40-90% (depending on seasonality), but the average annual occupancy is around 65- 70%. More than 3,600 people are employed in this sector. Another market advantage for the project is that the complex is near the border of Georgia, so in that way making it much easier for tourist from Georgia to get to the complex and spending their weekends and holidays in harmony with the nature. Furthermore, the complex is about 100 km far from Tbilisi, thus making it easier for Georgian and other people visiting Georgia to come and spend their holidays and leisure time. Strategy and Implementation According to official statistics, the services provided by the hotel facilities throughout Armenia are mostly used by guests from abroad. At the same time, hotels, located in the regions and having suitable premises, regularly organize various meetings and conferences in different spheres, which also contributes to the inclusion of additional visitors to the resort. Within the scope of this program, a range of marketing activities will be set up for the sustainable operation of the plant, for which a special strategy can be developed to plan activities and events. The funds will also be allocated for the organization of works, particularly, various advertising events, participation in targeted exhibitions, promo events, cooperation with tourism agencies, organizing various water activities, competitions and so on. Also the marketing strategy will include having a professional website, well written blog, and an active Facebook and Instagram pages. Campaign should have a social media strategy to stay current. 9