The international hotel investment conference HOTCO hosted the Cofounder and Co-Chairman of Galaxy Group of Companies Artyom Khachatryan for an interview.

“Now, more than ever, Armenia is a good place to invest in and the reason for this is the opportunity gap formulated from the recent developments in the region”, Artyom Khachatryan highlighted in his interview.

He spoke about Armenia's competitiveness among CIS countries and shared business insights on hospitality and commercial real estate development projects.

The interview with Artyom Khachatryan reads. “Armenia has become a good place for short touristic flows – for food and wine, for celebrations and entertainment. And some of the key factors for this development concerns post-covid circumstance when people started to visit non-restricted quarantine-free countries that don’t require visa applications. And so, a lot of touristic flow has been formulated from CIS countries. Of course, hospitality globally was put on hold after the pandemic first wave, but now we observe the recovery and can predict the boost. Yerevan is a good place to visit over a weekend offering a quality service combined with sightseeing of historical significance”.

The interview also discusses the risk-mitigation strategies for instable times with references on how Artyom Khachatryan himself started and decided to walk into this competitive industry. To note, Khachatryan was a panel speaker at HOTCO 2020, presenting Armenia for the industry developers from around the world.

The full interview is available here.