The rosy predictions of 2.4 million foreign tourists in 2006 have been replaced by estimates of only 1.6 million and $1.1 billion in lost revenues. Unless immediate marketing action is taken, 2007 could be even more dismal, with only 1.5 million foreigners visiting the country.
This chilling forecast was presented yesterday by the president of the Israel Hotel Association (IHA) executive, Eli Gonen.
"An immediate investment of about $30 million will reduce the damage by about $2 billion, and so each day that goes by without genuine movement on the part of the government to limit the damage prolongs the expected crisis in 2007," Gonen said. He says there is no time to wait for the treasury to approve an emergency budget, for the money to make its way to the Tourism Ministry and for the marketing actions that should have been taken two weeks ago with the declaration of the cease-fire to get under way.
"The rescue of incoming tourism to Israel should have started immediately," Gonen declared. "We must cut red tape, overcome the lack of a budget and immediately allocate an initial sum of $10 million for marketing," he said.
Haaretz