
ALT Ynet | Tel Aviv hotel bookings slump to record low amid war As war enters second year, tourists nowhere to be found, and with many displaced northern residents leaving, occupancy stands at meager 45%; 'The entire industry feels the pinch,' official says Navit Zomer | published:10.27.24 | 21:2

ALT Danny Lipman, Managing Director at Atlas Hotels, stated: "The situation is catastrophic. I've already heard that some small chains are on the brink. It would take a miracle for the industry to recover. If someone guaranteed me that I could close a hotel and not pay its expenses, I would close it. But shutting down doesn't exempt you from rent, property taxes, security, and maintenance. Business hotels, especially in Tel Aviv, are empty of tourists. The government is doing nothing, and we might see hotels here go bankrupt."
















