Israel Luxury Hotels Market

israel’s luxury hotel market is expected to continue to develop and expand over the next fourteen years, as the country continues to become a major international tourist destination. israel’s luxury hotels market will likely benefit from increased demand due to inbound tourism. this is due to a number of factors, such as israel’s strategic geographical location, its religious significance and its unique cultural offer. in the short-term, continued settlements in the west bank may also contribute to increased demand for luxury hotels in israel. this is due to israel’s increased security presence in the region, which has led to increased numbers of tourists travelling to the area for recreational and business purposes. in the long-term, the increase in population size and the steady growth of the israeli economy, both of which will provide greater economic opportunities and more disposable income for the consumer, are likely to boost demand in the luxury hotel market in israel. this, coupled with the country’s increasing tourist appeal, will also provide opportunities for further expansion of the industry. israel has also seen a rise in international conferences and business meetings being held in the country. this has opened up a new and potentially lucrative opportunity in the luxury hotel sector. business travellers and conference delegates increasingly require plush, comfortable lodgings with good service, and luxury hotels in israel are well-positioned to capitalise on this. going forward, israel’s luxury hotel sector will face a number of challenges, such as increasing competition from other countries in the region and higher labour costs. however, with its uniquely blessed landscape, impressive religious sites and modern tourist attractions, israel is likely to remain an attractive destination for international business and leisure travellers over the next fourteen years, providing luxury hotel owners with new opportunities for ongoing expansion.