Total revenue of hotel services in Israel 2014-2021
In 2021, the total revenue of hotel services in Israel amounted to nearly 9.02 billion Israeli shekels (around 2.70 million U.S. dollars). This was a significant increase compared to the previous year. The hotel industry's revenue gradually increased during the period observed, except for a sharp decrease in 2020. This decline occurred due to the Israeli government's introduction of tourism and leisure restrictions following the coronavirus (COVID-19) outbreak in March of that year.