Investment Projects, Business Armenia Ski Resort in Vanadzor | Page 8

disciplines which are best able to meet the need for rapid “consumption”: snowboarding, rock climbing, icefall climbing, rafting and mountain biking. The ski and snowboard industry has experienced remarkable growth in the last 50 years. It is estimated that today there are some 130 million skiers and snowboarders worldwide, with around 2,000 ski resorts in 67 countries catering to this important market that offer equipped outdoor ski areas covered with snow. 1 Besides the major ski destinations in terms of skier visits, there are a number of new smaller destinations. The most popular new destinations are located in Eastern Europe and China, but there are also smaller destinations spread out across the globe: Algeria, Cyprus, Greece, India, Iran, New Zealand, Pakistan, South Africa and many more. DISTRIBUTION OF THE NUMBER OF SKI RESORTS WORLDWIDE 40% 35% 30% 25% 20% 15% 10% 5% 0% 36% 18% 21% 12% 12% 1% Asia & Pacific America Eastern Europe & Western Europe Central Asia 1 http://www.vanat.ch/RM-world-report-2017- vanat.pdf 7 Alps Various