In 2023, the number of bed places in collective tourist accommodation establishments in Israel stood at 183.7 thousand units. Analyzing the data from 2013 to 2023, we can observe a general upward trend despite slight fluctuations. The year-on-year variation indicates minor positive and negative changes, showcasing a resilient tourism sector. Over the past two years, the year-on-year growth rates were 0.72% in 2022 and 0.66% in 2023, illustrating steady, though modest, growth. The last five years show an average annual growth rate (CAGR) of 0.96%, underlining consistent albeit slow expansion.
Looking forward, forecasts suggest continued growth in bed places, with an estimated 189.4 thousand units by 2028. The five-year forecasted CAGR is 0.48%, projecting a 2.43% total growth over the next five years. Future trends to watch for include potential impacts of global travel demand shifts, geopolitical stability in the region, and advancements in tourism infrastructure in Israel which could further influence the growth trajectory in the accommodation sector.
