Although there is a shortage of resources, Armenia has been investing in new hotels to increase tourism. Outdoor activities and scenery seem to be the primary attractions. Lake Sevan, the world's largest mountain lake is a popular summer tourist spot and The Tsakhador Ski Resort is open year round for skiing in the winter and hiking and picnicking the rest of the year. Mt. Ararat, the traditional site of the landing of Noah's Ark, is located along the border with Turkey.
In 2000, there were about 45,000 visitor arrivals, as compared to 13,000 in 1996. Tourist receipts totaled us$45 million in 2000.
In 2002 the US Department of State estimated the daily cost of staying in Yerevan was $184.