Key Market Indicators
Tourism in Armenia is set to experience modest growth in the coming years. The number of arrivals is projected to reach 1.2 million by 2026, up from 820,090 in 2021. This growth is expected to be driven by an average of 0.8% annually. However, the Armenian tourism market has faced a decline over the past two decades. Since 2000, the number of arrivals has decreased by 8.2% year on year on average. Tourism receipts are also projected to grow modestly, reaching $903.5 million by 2026 from $612.3 million in 2021. The average annual growth rate is expected to be 0.1%. The market has also experienced a decline since 2000, with receipts dropping by 9.9% year on year.
