A total of 300 new hotel rooms will open next year in capital city of Yerevan, Armenian Hotel Association Chairman Hakob Hakobyan said at a press conference on Tuesday.
“The hotel rooms are more than the demand, and therefore the prices have slightly reduced,” he stressed.
Well considering the fact that Armenia has not a high rate of tourism the coasts of for the rooms should be high. Finally the room prices decrease now they decide to build a new ones in order to increase the price.
Hakob Hakobyan added, however, that no one dictates the prices and they are determined by the cost price and the market.