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Economy and Tourism

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In the margins of the EU Transport Council in Luxembourg, the European Union and Israel have today signed a comprehensive air transport agreement which will gradually open up and integrate the respective markets, develop an aviation area with common rules, offer economic benefits for consumers and new opportunities for the industry.

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TOURISM MINISTRY LAUNCHES NIS 9 MILLION CAMPAIGN IN NEW YORK AIMED AT THE CULTURE, HISTORY AND RELIGION
 MARKET ABOUT ONE THIRD OF ALL AMERICAN TOURISTS COMING TO ISRAEL COME FROM THE NEW YORK AREA

 TOURISM MINISTER DR. UZI LANDAU: “For years, the United States has been the largest source country for incoming tourists. We attach great importance to the role of tourism in maintaining close bi-lateral relations and we will continue to work towards increasing the numbers of American tourists to Israel. Israel is a cradle of culture, history and religion and I am sure that every American tourist will find in Israel a source of inspiration.”

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Background conditions

Inflation data: The Consumer Price Index (CPI) for March increased by 0.2 percent, and for April it increased by 0.4 percent—both months in line with forecasts. Over the past 12 months, the CPI increased by 0.8 percent, below the lower bound of the inflation target range. The main factors contributing toward a decline in the CPI in the past year were the appreciation of the shekel, declines in energy and cellular communications prices, and expansion of the Free Education Law to children from the age of three. In contrast, the main contributions to an increase in the CPI over the past year were prices of food and housing, and increased taxation and electricity prices.

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During the days 20, 21 and May 23 the Panama Embassy participated in Tourism seminars held in Jerusalem, Haifa and Tel Aviv organized by Polaris Group. The seminars main objective was to present travel agents 3 destinations in America: Ecuador, Peru and Panama. Ambassador Hector Aparicio opened the presentation with a speech and the rest of the presentation was translated in Hebrew.

There was an approximate participation of 212 travel agents being Tel Aviv the city with major participation.

It was observed that Ecuador is a known destination and Peru is realizing the same path. Panama is considered an exotic destination and there are  possibilities of multi destinations with Colombia.

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The New Era of Tourism

Leading speakers will include: Prime Minister Benjamin Netanyahu, Dr. Uzi Landau- Minister of Tourism, Naftali Bennett- Minister of Economy and

Commerce,  Mr. Sheldon Adelson, Chairman and CEO of the Las Vegas Sands Corporation, Dr. Richard Florida, Professor at the University of Toronto

and NYU and the Senior Editor for The Atlantic, Michael Arad, Partner at Handel Architects and designer of the National September 11 Memorial at the

World Trade Center site, Alison Copus, Vice President, marketing at TripAdvisor for Business, Hugh Aitken, UK Commercial Manager at easyJet, Mr. Uri

Levine, Co-Founder and President of Waze, etc.


The Second Jerusalem International Tourism Summit will take place on May 28-29 at the Jerusalem International Convention Center.

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