25 NOVEMBER 2019
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With attendees flying in from all over the world the second Israel Hotel Investment Summit, took place at the superb Tel Aviv Hilton last week, an event best described as “compressed”, just 36 hours of chat and visits. See also ON TOUR Virgin Atlantic Upper Class to Tel Aviv this week.
Hosted by the Israeli Ministry of Tourism and organised by Questex Hospitality Group, the gathering attracted nearly 250 delegates (including 19 from the UK), representing most of the major hotel groups, private investors, and the legal fraternity.
Amir Halevi, director general, Israel Ministry of Tourism said, “Within the framework of the Tourism Ministry's policy of reducing vacation costs in Israel and in order to encourage competition, we are working hard to introduce low-cost hospitality chains into Israel.”
At the top end of the market investment is also being made with a Kempinski under construction and Mandarin Oriental announcing a new hotel for 2024, both in Tel Aviv.
Wednesday afternoon was spent experiencing two new Tel Aviv properties, The Fabric, defined as “neighbourhood cosmopolitan”, and The Link, 12 floors and contemporary. Jerusalem followed with the Waldorf Astoria, an outstanding classic property, hosting what was termed “Networking Xpress”. At two long tables attendees had four minutes to exchange cards, discuss common ground, and arrange to meet again if there was connectivity. And then move on – a one hour high pressure session! The Mamila, a new 5-star purpose-built hotel overlooking the Old City completed the day.
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