Armenia's hotel market shows record arrivals of 2.3M in 2025, 68% average occupancy and a branded pipeline of ~2,700 keys, with a 2026-30 strategy targeting 3M visitors and $3.8B in tourism spend by 2030.
Radisson Hotel Group proudly expands its presence in Armenia with the opening of Radisson Hotel & Spa Gyumri, marking the debut of the Radisson brand in the country. Located in Gyumri, Armenia's second-largest city and a renowned cultural hub, the hotel brings Radisson's signature Scandinavian-inspired hospitality to the heart of this historic destination.
Accor, a world leading hospitality group, today announces the signing of an agreement with WinInvest LLC to open a new Mercure hotel in Armenia. Located in Tsaghkadzor, Armenia's most popular ski and resort town, the 4-star Mercure Tsaghkadzor is expected to open in early 2027 and will embody the brand's "Locally inspired" philosophy with elegant interiors inspired by the history and cultural heritage of Armenia.
"Tourism Doing Business – Investing in Armenia" guides investors and tourism professionals seeking in-depth knowledge about Armenia's tourism sector. It allows them to make informed decisions by showcasing Armenia's unique cultural heritage, robust economic growth, and supportive business environment.
Accor, a world leading hospitality group, today announces the signing of an agreement with 4A Capital LLC to open a new Mövenpick hotel in Armenia. Located in Tsaghkadzor, the country's most popular ski and resort town, the 198-room newly constructed hotel, Mövenpick Resort Tsaghkadzor, is expected to open in 2026. Guests will enjoy the best of Swiss hospitality, high-end food and beverage concepts, and access to rewards through the global loyalty programme, ALL - Accor Live Limitless.
Kempinski is thrilled to unveil its latest addition to the Eastern European portfolio with the introduction of Artlife Kempinski Residences Yerevan. This prestigious development serves as the cornerstone of a mixed-use development valued at US $180 million, poised to bring the world's foremost luxury brands to the vibrant Armenian capital. Spanning over 100,000 square meters, the ArtLife Teryan project is taking shape in the heart of Yerevan, thanks to the visionary real estate developer Renshin Urban Investments, a group of companies with diverse interests in renewable energy, telecoms, IT, and finance.
IHG Hotels & Resorts one of the world's leading hotel companies, today announces the opening of the first Holiday Inn in Armenia, Holiday Inn Yerevan-Republic Square, located in the city centre. Opening under a management agreement with "SGI Invest" LTD, the hotel is situated in two historical buildings - the first was a gymnasium which was completed in the 19th century and the second was a library named after a famous Armenian poet, Avetik Isahakyan.
ith around 870 hotels in over 60 countries, Ramada by Wyndham is one of the most recognised hotel brands in the world. Ramada by Wyndham has a strong presence all across Europe, from the UK, Germany, Portugal, Belgium and Italy, to Greece, Russia, Turkey and many more. The brand's impressive list of destinations is set to further expand this month, with the opening of Ramada Hotel & Suites by Wyndham Yerevan, in Armenia. Located close to Republic Square, with panoramic views of Mount Ararat and the scenic city centre of Yerevan, the hotel will be the perfect base for travellers ready to explore Armenia's capital and culture.
The Country's First International Luxury Hotel Introduces Global Explorers to Yerevan's Rich Culture, Sophisticated Style and Vibrant Scene.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it will enter Armenia with the opening of The Alexander, a Luxury Collection Hotel, Yerevan. The unique hotel is scheduled to open in summer 2017, underscoring Starwood's strategy to meet the growing demand for experiential luxury travel in emerging markets around the globe.
Radisson Blu, the iconic hotel brand driven by innovation and design, has opened their first upper upscale international hotel in Armenia's capital city, Yerevan. Overlooking the famed Mount Ararat, within walking distance of the respectable embassy district and only a short drive from the charming streets and local producers in the city center, the location of the newly furbished 142-room hotel couldn't be better.
Hilton Worldwide (NYSE: HLT) today announced the opening of DoubleTree by Hilton Yerevan City Centre, the company's first hotel in Armenia. "We are thrilled to bring the Hilton Worldwide brand to Armenia with the opening of DoubleTree by Hilton Yerevan City Centre," said Dianna Vaughan, senior vice president and global head, DoubleTree by Hilton. "Armenia's economy is experiencing continuous growth, making it an exciting destination for business and leisure travelers alike. We look forward to delivering our globally-recognized service culture to guests arriving from both inside and outside of Armenia, starting with the iconic warm chocolate chip cookie welcome presented to each guest upon arrival and extending through every aspect of their stay."
Hyatt Hotels Corporation (NYSE: H) and "Jersan" LLC announce the opening of Hyatt Place Jermuk, just steps away from the heart of Jermuk's city center. Hyatt Place Jermuk marks the second Hyatt-branded hotel in Armenia and the third Hyatt Place hotel in Europe, joining Hyatt Place Yerevan and Hyatt Place Amsterdam Airport.
Carlson Rezidor, one of the largest and most dynamic hotel groups worldwide, and the leading international hotel operator in Russia/CIS, and Golden Palace Hotel LLC, the leading hotel operator in Armenia, jointly announce the Radisson Blu Hotel, Yerevan. The upper-upscale hotel is scheduled to open in early 2016. With this signing Carlson Rezidor adds a new country to its growing portfolio in Russia/CIS & Baltics. All across the region, the group operates and develops more than 70 hotels and 17,000 rooms.
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a contract with Jersan LLC to develop a Hyatt Place hotel in Jermuk, Armenia. Expected to open in 2015, Hyatt Place Jermuk will mark the second Hyatt-branded hotel in Armenia, joining the recently opened Hyatt Place Yerevan.
Hyatt Hotels Corporation (NYSE: H) and "Interarm-M" LLC announce the opening ofHyatt Place Yerevan, just steps away from the heart of Armenia's capital city, the Republic Square. The opening marks a significant milestone as the Hyatt Place brand continues to expand outside the United States. New Hyatt Place locations recently opened in Puerto Rico, Costa Rica and India, and in Europe, Hyatt Place Amsterdam Schiphol is set to open its doors in early 2014.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with Ginekar Limited Liability Company for a Hyatt Place hotel in Yerevan, the capital of Armenia. Hyatt Place Yerevan is the third Hyatt Place hotel under development in Europe, joining Hyatt Place Amsterdam Airport and Hyatt Place Zurich Airport.