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7. Festivals&Events ___
Monday, April 02, 2007


Several folklore, wine and dance festivals take place in Yerevan in the summer:

“Parliament for the people”, a concert on the majestic grounds of the National Assembly of the Republic of Armenia.

“Kenats Festival”, a celebration of wine and cognac making, agricultural and musical heritage, held annually in the city centre.


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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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