ISRAEL, 15000 NEW ROOMS OF HOTEL TO REDUCE PRICES OF HOLIDAY
The prices of the hotels in Israel are among the highest in the world for both Israelis and foreign tourists. Despite airline tickets, compared to the past, much lower, according to the industry, the Israeli tourism industry still has substantial room for growth.
If for hoteliers prices are still very competitive, especially when compared to those in Europe and Jordanian average, due to stringent regulations which do not allow to increase the profitability margin, for the Minister of Tourism, Yariv Lavin, it is also increase the supply of the number of available rooms.
This is why the idea and to build in the next five years new category 2-3 star hotel with an offer of 15,000 additional rooms are able to expand the supply and reduce costs.
To do that the government has approved a plan to increase the proportion of funding for developers who build low-cost hotels bringing it from the current 20% to 33% on the one hand and on the other supporting the construction of new hotels in the regions of interest, such as Judea and Samaria