Nowadays, the tourism industry is considered to be one of the most important sectors of economy globally, as it has significant contribution on economic development growth. It has huge impact on economy other industries such as hospitality, trade, services, etc. On the other hand, hospitality sector is one of the main supporters of tourism growth.
Armenia, with its captivating nature and rich history has a big potential in tourism, especially in rural and cultural tourism. Tourism sector is one of the main directions of government development program. In recent years the interest to Armenia among tourists has increased, due to tourism development program. In its turn, it opens new prospects to hospitality sector development. Another stimulus for hospitality sector development is rising of population’s standard of living, which allows them to use the services offered by hospitality industry. All mentioned factors make Armenian tourism and hospitality sectors very interesting for investments.
Avenue Consulting Group’s experts have huge experience in cooperating with firms working in both tourism and hospitality sectors. The diverse range of services provided by our experts include franchising, evaluation and reorganization of the business, expansion of the business, legal and tax advising etc.
our PROJECTS
Milk, Tourism, and Fruits Value Chain Assessment in Vayots Dzor Across 9 Communities
This project focused on assessing the value chains for rural tourism, milk, and fruit production across nine communities in Vayots Dzor and three other marzes of Armenia.
Development of a Comprehensive Business Plan for Hotel Construction
This project involves the creation of a detailed and comprehensive business plan for the construction of a new hotel in the heart of Yerevan.
Design of Comprehensive Business Plan for Developing a Restaurant Chain
In 2014, our team was engaged to create a detailed business plan for the development of a restaurant chain in Yerevan.
Fundraising for 5 Star Hotel Construction
Avenue Consulting Group was tasked with leading the fundraising efforts for the completion of a five-star hotel project in central Yerevan.
Evaluation of Fruit, Milk, and Rural Tourism Value Chains in 9 Targeted Clusters of Vayots Dzor and Lori Marzes
This project involved a comprehensive evaluation of the fruit, milk, and rural tourism value chains across nine targeted clusters in the Vayots Dzor and Lori regions.