Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Tourism to Israel jumps 25 pct in 2017 to record 3.6 mln visitors

Published 02/01/2018, 08:35 pm
Updated 02/01/2018, 08:40 pm
© Reuters.  Tourism to Israel jumps 25 pct in 2017 to record 3.6 mln visitors

JERUSALEM, Jan 2 (Reuters) - Tourism to Israel grew 25 percent in 2017 to a record 3.6 million people, bringing in 20 billion shekels ($5.8 billion) of revenue, the Tourism Ministry said on Tuesday.

The ministry said the increase of 700,000 tourists last year was buoyed by 18 new routes flying into Tel Aviv's Ben-Gurion Airport as well as more flights to the Red Sea resort of Eilat, some of which were subsidised by the ministry.

A new route on Hainan Airlines boosted tourism from China by 46 percent. Ryanair, Lot, WizzAir and WOW also added routes.

The United States, Russia, France, Germany and Great Britain were the top sources of incoming tourism last year. Jerusalem was the top destination for tourists, followed by Tel Aviv.

Tourism Minister Yariv Levin said the ministry has implemented a number of initiatives such as giving financial incentives to airlines to open new routes, collaborating with large online travel agents and working with entrepreneurs to build more hotels.

"If we continue in this way, we will see very satisfactory results in the next year," he said.

($1 = 3.4633 shekels)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.