Investment Projects, Business Armenia Forest Lake Resort & Spa | Page 9

Over the past five years, the number of tourists arriving to Armenia has grown by an average of 11% every year, and about 14% of tourists prefer to use hotel facilities. TOURISM Number of tourists Hotel facilities 2,000,000 1,500,000 1,000,000 500,000 0 2012 2013 2014 At the same time, the number of tourists using hotel facilities has also increased by about 6.5% annually. In 2016 the number 2015 2016 2017 of hotels in Republic of Armenia was 550. The regional distribution of hotels is the following: 8