[ad_1]
External articleNovember 13, 2018
"It's the start-up capital, it's the country that thinks like a start-up – what I think Israel needs is quality housing at a good price."
Israel welcomed the largest number of tourists in October. Some 486,000 people, or nearly half a million visitors, came to the Holy Land, devoting 2.5 billion shekels to the Israeli economy. The registration number arrives at the right time. Tel Aviv will soon host the "Israeli Hotel Investment Summit", during which hotel managers will gather to discuss tourism and the need to create more accommodations in the country.
In 2000, Israel had about 47,000 rooms for two million visitors. In 2017, the country had 55,000 rooms and 3.6 million tourists. The Ministry of Tourism is trying to change that. The government office is encouraging construction by offering developers subsidies and helping them cut red tape. One of the main speakers at the summit, Navneet Bali, will explain why Israel is a key market for innovation in the hospitality industry. Bali is the president of Meininger hotels. The Jerusalem Post first asked him "Why October?"
Bali hopes that it will have an operational hotel in Jerusalem and Tel Aviv within two years. He says that he already has scouts on the ground looking for the perfect place to grow. Bali says that Israel also needs hotels like its own, which also serve as a reception center. The accommodations are for those traveling on a reduced budget. He plans to have private rooms as well as shared spaces for singles with backpacks.
Read the full article in The Jerusalem Post
Source link
