Ecotourism and agritourism developments

The christian church on the Akdamar-Island with snowy mountains in the background in springtime

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Ecotourism and agritourism developments
Ecotourism and agritourism developments
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Services
Hospitality and Recreation
Business Model Description

Develop joint ecotourism and agritourism projects between communities and private businesses where communities establish infrastructure (such as roads, bird watching facilities, fences, camping areas or tourist information points) while the private sector invests in such facilities through for example hotels, guest houses, ecotouristic trails or transportation means.

Expected Impact

Create job opportunities in disadvantaged communities, improve community infrastructure and protect culture traits and ecosystems in rural areas through ecotourism and agritourism.

How is this information gathered?
Updated: 9 Aug, 2021 Date of Production: 1 Jun, 2021
Armenia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
5% - 10% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) Life on Land (SDG 15) No Poverty (SDG 1)

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Sector Sources
  • 1) Government action program 2019-2023, https://www.gov.am/am/Five-Year-Action-Program. 2) Action plan of the Government of the Republic of Armenia 2018 – 2022, https://www.gov.am/files/docs/2920.pdf. 3) Critical Ecosystem Partnership Fund, https://www.cepf.net/node/1996. 4) Statistical Committee of Armenia, https://www.armstat.am/am/?nid=12&id=01001. 5) Law on exempting business activities in border adjacent communities from taxes, https://www.gov.am/files/docs/2920.pdf.
IOA Sources
  • 21) Armenia: South Corridor Tourism Development Strategy, World Bank, 2015, http://documents1.worldbank.org/curated/en/528101467988937597/pdf/103149-WP-P146596-Box394855B-PUBLIC-Armenia-Tourism-Corridors-Development-Strategy-March-2015.pdf. 22) Armenia’s National Development Strategy 2014-2025. 23) Ministry of Environment of the Republic of Armenia, http://mnp.am/. 24) UNDP interviews with stakeholders, 2019. 25) World Economic Forum’s Tourism Competitiveness Index, 2019, http://www3.weforum.org/docs/WEF_TTCR_2019.pdf. 26) Tourism Development Concept, https://www.mineconomy.am/media/6480/Tourismdev.pdf. 27) Ministry of Economy and World Bank, Local Economy and Infrastructure Development Project, PPP projects in tourism https://mineconomy.am/media/13614/tragir.pdf. 28) Law on Tax Exemption of Economic Activities at Border Regions, https://www.arlis.am/DocumentView.aspx?docid=94419. 29) Law on Licensing, https://www.arlis.am/DocumentView.aspx?DocID=150834. 30) Government Decree No 2408-N of 29 December 2005 on Construction and Demolishion Permission, https://www.arlis.am/DocumentView.aspx?DocID=22687. 31) FDI Sector Scan, Tourism Armenia, World Bank, 2018, https://documents1.worldbank.org/curated/en/641391561524705078/pdf/Foreign-Direct-Investment-Sector-Scan-Tourism-in-Armenia.pdf. 32) My Armenia Project, Smithsonian Institute and USAID, https://myarmenia.si.edu/en/about-us. 33) Ministry of Economy, Tourism sector information, https://www.mineconomy.am/page/89. 34) Social Snapshot and Poverty in Armenia. 2019, Statistical Committee of Armenia, https://www.armstat.am/am/?nid=82&id=2217.