israel hotel sector
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...
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’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...
