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Only about 20% of the Visitors are Foreigners in the Mountain Resorts

Only about 20% of the Visitors are Foreigners in the Mountain Resorts

The number of visitors at Georgia’s mountain resorts reached a historical high.

According to G & T, Mountain Resorts Development Company (MRDC), the total number of visitors to Georgia’s winter resorts exceeded 400,000 (+37.0% y/y) during the season. Notably, according to MRDC, only about 20% of the visitors were foreign visitors, leaving significant upside potential.

To note, Gudauri remains the most popular ski resort, hosting more than 276,000 visitors during the season, up 37.1% y/y.

The number of visitors to Gudauri has increased more than threefold from almost 89,000 visitors during the 2011-2012 season.

“The resort’s proximity to the Russian border makes it especially attractive for Russian skiers. Currently Gudauri features 10 ski lifts, with combined tracks of approximately 70km, and visitors can enjoy skiing, snowboarding, paragliding, and heli-skiing”, – G & T notes.