Israel A Key Global Market For Hospitality Innovation
Israel hosted the highest number of tourists in October than ever before. 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 record number comes at a good time. Tel Aviv will soon be hosting the "Israel Hotel Investment Summit," where hotel managers will come together and speak about tourism and the need to get more accommodations up and running 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 Tourism Ministry is trying to change that. The government office is incentivizing building by offering grant money to developers and helping them cut through red tape. One of the summit's keynote speakers, Navneet Bali, will be talking about why Israel is a key market for hospitality innovation. Bali is the chairman for Meininger Hotels. The Jerusalem Post first asked him "Why October?"