israel hotel market
Israel’s Tourism Sector Ready for Recovery With Further Hotel Investment Encouraged, Hears Dubai Expo Event
HVS | March 15, 2022
London - March 15, 2022 - The Israel Ministry of Tourism in collaboration with global hotel consultancy HVS, presented a live event last week at Expo Dubai focussing on hotel opportunities in Israel during which senior representatives of hotel, real estate and tourism companies – investors, developers, operators and financiers – discussed encouraging more investment into Israel’s hotel sector. The event, further strengthening trade, investment and tourism ties between Israel and the UAE, opened with minister of tourism Yoel Razvozov outlining the importance of tourism to Israel’s economy. Fleur Hassan-Nahoum, deputy mayor of Jer...
Israel Hotel Market Overview 2020 – The Path to Recovery
Simon Hulten | August 5, 2020
By Simon Hulten, Russell Kett Foreword The restrictions imposed due to the COVID-19 pandemic have severely hit every sector across the globe, and the hospitality industry is undeniably among the hardest hit. In Israel, strict lockdown measures were implemented in mid-March, forcing all except non-essential businesses to close, including most of the country’s hotels. Fortunately, there is light at the end of the tunnel for the lockdown phase and, on 4 May 2020, Prime Minister Netanyahu outlined a gradual easing of lockdown restrictions; the focus of hoteliers has thus shifted from how to manage the closure to developing a sound reopenin...
Israel’s Hotel Sector Shows Record Performance, Says HVS Report
HVS | August 22, 2019
22 August 2019, London: Hotels in Israel saw another record performance in 2018 as the country experienced a lull in geo-political turmoil and a rise in incoming tourist numbers, according to a new report by global hotel consultancy HVS. Over the past few years Israel has seen significant growth in its tourism sector. In 2017 the country welcomed 3 million tourists for the first time in its history. In 2018 that number rose to 4.1 million, a year-on-year increase of over 14%. On the back of this growth hotels across Israel saw RevPAR [*rooms revenue per available room] lift by 6% last year, driven largely by a healthy rise in average ro...
