Israel’s tourism sector incurs $3.4B in record losses since Gaza war Related news

Israel

JERUSALEM / ISTANBUL Israel reported an “unprecedented fall” in tourism revenues with $3.4 billion losses since the outbreak of the Gaza war in October 2023.   Figures released by the Israeli Tourism Ministry showed that tourist arrivals have dropped by more than 90% since the start of the Gaza war.  According to the public broadcaster KAN, direct and indirect losses in the tourism sector exceeded 12 billion shekels ($3.4 billion).  Israeli officials attribute this sharp decline to an almost