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Israel A Major Global Market For Hospitality Innovation



External ArticlesNovember 13, 2018

"This is the initial capital. This is a country that thinks like start-up. What I think Israel needs is quality accommodation at a good price."

The Jerusalem Post main "class ="

Israel hosted the highest number of tourists in October compared to before. About 486,000 people, or nearly half a million visitors, came to the Holy Land – devoting 2.5 billion shekels to the Israeli economy. Note number comes at the right time. Tel Aviv will soon host "Israel Hotel Investment Summit," where hotel managers will gather and talk about tourism and the need to get more accommodations in the country.

In 2000, Israel had around 47,000 rooms for two million visitors. In 2017, the country has 55,000 rooms and 3.6 million tourists. The Ministry of Tourism is trying to change that. Government offices provide development incentives by offering grants to developers and helping them cut bureaucracy. One of the main speakers at the summit, Navneet Bali, will talk about why Israel is the main market for hospitality innovation. Bali is the chairman of Meininger Hotels. The Jerusalem Post first ask him "Why October?"

"In general I would say there was an increase in October because after the summer holidays," he replied. "You have lots of conferences going on and even festivals – like Oktoberfest and you also have industry conferences that focus on the fall period. People want to complete their transactions and get things done – so that economic activity seems to be good."

Bali hopes that in the next two years he will have a hotel and walk in Jerusalem and Tel Aviv. He said he already had a lookout on the ground looking for the perfect place to develop. Bali said Israel desperately needed a hotel like that which doubled for a hostel as well. Accommodation is directed to those traveling on a budget. He plans to have private rooms and shared spaces for singles with backpacks.

Read the full article at The Jerusalem Post

IndustryInnovationLodging Information Technology Israel

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