Israel Hotel Market Overview 2023 – Recovery in Progress!

Russell Kett | June 16, 2023

By Russell Kett, Charles Carpentier In the past year, Israel’s hotel sector has continued to demonstrate its resilience and its ability to withstand the impact of COVID-19, similar to the way it has bounced back from so many previous adversities. The domestic tourism market has been a saviour – achieving growth in excess of 2019’s levels by the end of 2022 – and there are now signs that international visitation is recovering strongly, and we are confident that, barring any unforeseen challenges, this could have recovered to 2019 levels by the end of 2023. Israelis have an unquenchable thirst for travel, and the opportunities cre...