Construction of hotels in Azerbaijan is very attractive business for investors: minister
Azerbaijan, Baku, September 30 / Trend U. Ismayilova /
About 20 hotels have been put into operation in Azerbaijan since early 2009. About 60 hotels and inns are being constructed, Minister of Culture and Tourism Abulfaz Garayev said at a press-conference on September 29.
"About 79 of 370 hotels operating in Azerbaijan are in Baku," minister said.
He said that 270 hotels and 227 tour companies have licenses. "Construction of hotels in Azerbaijan is very attractive business for investors," minister said.
He said that a balance between entrants and outgoing people becomes equal in Azerbaijan. "If this index hit 70 percent compared to 30 six-seven years ago, now this index hits 55 percent compared to 45," minister said.
According to the Azerbaijani State Statistical Committee, incomes of Azerbaijani tourist sector hit $190 million in 2008, Garayev said.
According to the ministry of tourism, the Azerbaijani State Statistical Committee's data does not coincide with the ministry's one as the State Statistical Committee has summarized only activity of hotels. But this statistics must include all services, namely, food, transport and purchase of souvenirs."
"A foreigner spends $700-800 for rest in Azerbaijan during 5-7 days. Thus, summary index of profitability in tourism hits $640 million in Azerbaijan," minister said.
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