Hotel prices in Israel fall by tens of percent • The big drop in Eilat, Tiberias and the Dead Sea • During the holidays, prices are expected to rise again

• Crowne Plaza Tel Aviv

  Photo: 

  Uri Ackerman

The great freedom ends in a moment and with it is expected to come a significant decrease in the demand for vacations. The children are returning to school, the parents have taken advantage of the days off and the foreign tourists have not been with us for a long time. So what happens in hotels in Israel when demand drops? Prices are falling.

An examination of Israel today reveals a decrease of tens of percent in the prices of hotels in Israel. Hotel prices are falling in almost all the tourist cities, Tel Aviv, Jerusalem, Eilat and of course in the Dead Sea area. In a conversation with Mazi Ben Zvi from the Crowne Plaza hotel chain, she explains that, "The reality of us all has changed, especially in the tourism industry which is now facing an unprecedented crisis. The impact of stopping inbound tourism is having its effect on market forces and prices." For the holiday period during which we see a drop in prices of tens of percent in the prices of hotels in Israel and of course in our chain. "

At the Crowne Plaza in Tel Aviv, you can find a night in the middle of the week for only NIS 700 per couple, including breakfast, the exact same vacation in September 2019 cost about NIS 1,200, a decrease of about 40%. Crowne Plaza in the Dead Sea has a 50% drop in prices in September compared to August this year. A double room per night, including breakfast, will cost you NIS 700, while in August the price was NIS 1,400. The biggest decrease is in Eilat, 55% difference between August this year and September, a double room including breakfast in the middle of the week will cost you 810 shekels compared to 1,810 shekels in August.

The Fattal chain also points to a drop in prices of tens of percent. A couple plus a child paid NIS 4,215 at Plaza Tiberias for two nights on a weekend in August on a bed and breakfast basis, in September, for the exact same vacation they will pay NIS 2,160, about half the price. At Magic Palace in Eilat there is a decrease of almost 50% when in August a couple plus a child on a half board basis paid for two nights in the middle of the week NIS 5,800, in September the price for the same vacation will be only NIS 2,972. The biggest drop in price in the Fattal chain is in the Dead Sea. A night for a couple and a child in the middle of the week at the Dead Sea Plaza cost NIS 2,188 on a bed and breakfast basis, in September, the same vacation will cost only NIS 860, a decrease of about 60%.

The Gulliver tourist site indicates a clear trend and an average decrease of about 30% in all hotels in Eilat, 35% in Tiberias and more than 20% on average in the Dead Sea. At the Dan Hotel Eilat you will pay for a couple staying for two nights in the middle of the week in September on a bed and breakfast basis NIS 2,429 compared to NIS 3,552 in August, a difference of 32%, at the Dan Panorama Hotel in the southern city there is a 34% decrease, according to Gulliver's survey.

It is important to note that the prices are correct for the month of September, until the holidays. During the holiday season prices are expected to rise again, the children will again be on holiday and so will most parents and demand accordingly. Prices for the holiday season are expected to be similar to those of August and some hotel chains report that due to high demand prices may be even higher than in August.