HVS Market Snapshot – Jerusalem, Israel | By Alexandre Smertnik and Russell Kett

As the spiritual and political capital of Israel, Jerusalem is host to the prominent hotel market of the country and includes landmarks such as the King David Hotel opposite the old city walls. The following article, which we initially released on 14 November 2008, regularly refers to the ‘political instability’ of the region. The current military action taking place in the Gaza Strip is an unfortunate, yet clear illustration of this instability. It is very difficult to assess the negative effect of such an action on the hotel industry and market interpretations/forecasts should be viewed in context.