Tourism Minister Stas Misezhnikov announced Wednesday that increased tourism to Israel that has continued for the last six months warrants a significant investment in supply.
309,000 tourists visited Israel in May 2010, a record for the month of May, and a 33% increase over May 2009, according to data published by the Central Bureau of Statistics.The reports also stated that 1.4 million tourists visited Israel since the beginning of the year, an increase of 42% over the same period last year.
Misezhnikov stated that in light of the increased figures, the Tourism Ministry "will allocate half a billion shekels to assist in hotel projects whose total investment cost is estimated at about NIS two billion and will lead to the construction of thousands of hotel rooms that will contribute hundreds of millions of shekels and thousands of jobs into the economy."
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