A billion shekels on one hotel: What is changing in Israel's hotel industry?

Fattal Hotel Group invested approximately one billion shekels in The Yacht hotel in Herzliya, which includes 327 rooms. The article reviews the chain's plans to add 12 new hotels with more than 2,000 rooms by 2030, alongside renovations of existing hotels. However, the article notes that adding rooms does not guarantee lower prices for consumers.

Fattal Hotel Group invested approximately one billion shekels in The Yacht hotel at the Herzliya Marina, which includes 327 rooms and suites. The article reviews the chain's plans to add 12 new hotels with more than 2,000 rooms by 2030, in areas such as Eilat, Jerusalem, Tel Aviv, and the Dead Sea. Concurrently, investments of hundreds of millions of shekels are planned for renovating existing hotels in Haifa, the Sea of Galilee, the Dead Sea, and Jerusalem. The article emphasizes that adding rooms may expand the selection, but its impact on prices depends on demand, operating costs, and the completion timeline of the projects. According to company data, the Fattal chain has 64 hotels in Israel, of which 49 are operational and 15 are under construction. The article concludes by noting that the real test for vacationers will be the number of hotels actually opened and the prices offered.