Market Entry - Tourism and Hotel Industry in Israel: Analysis of Growth, Trends and Progress (2015-2020)

Market Entry - Tourism and Hotel Industry in Israel: Analysis of Growth, Trends and Progress (2015-2020)

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About the Market

Tourism is an important component of their economy, as well as a significant source of foreign exchange revenues, contributing to 9.3% of country's GDP. Good travel and tourism policies enable 10 million international visitors annually. Indonesia's tourism sector accounts for approximately 4% of the total economy and plans to double the figure by 2019 by improving infrastructure, accessibility, health & hygiene, as well as enhancing online promotional marketing strategy, leading to opportunities in upcoming markets. The government has also revised its visa-free access policy in 2015 to attract more foreign tourists. Famous tourist destinations like Bali and Jakarta have already seen a large influx of investment in recent years, especially, in the upper end of the market, leading to excessive supply, promoting the establishment of hotel industry.

About the Geography                  

Israel is a small country located in the Middle East bordered by Egypt, Jordan, Lebanon, and Syria. Israel has a liberal investment system and most activities are open to both private nationals and foreign investors. It has many tech start-ups, funded by America, a strong R7D sector, and a highly skilled multi-lingual workforce.

The government encourages entrepreneurship and the country is the second largest regardingthe availability of venture capital. The recent revision of Encouragement of Capital Investments Law now includes financial incentives for foreign investments. Israel is bordered by countries with on-going wars and terrorist activities, which act as a major impediment for foreign investors. It also has high corporate taxes and cost of manpower.

Israel invests almost 5% of its GDP in R&D and has many highly qualified engineers with access to funds. For these reasons, Israel is a good country to invest in if a company wants to set up an R&D wing, branch office, or LLC.

Component Name

Unit

      GDP (USD billion)

296

GDP Annual Growth Rate

3.2

GDP Per Capita

32828

Unemployment Rate

4.6

Wages

2563.21

Inflation Rate

-0.7

Consumer Price Index (CPI)

99.2

                                               Interest Rate         

0.1

Loans to Private Sector (USD billion)

150.026

Balance of Trade (USD billion)

-1.899

Business Confidence

19.2

Manufacturing PMI (Index Points)

57 Index Points

Ease of Doing Business

53

Competitiveness Rank

24

Corruption Rank

32

Consumer Confidence

-14.51

Consumer Spending (USD billion)

41.537

Bank Lending Rate (Consumers)

3.4

Corporate Tax Rate

26.5

Sales Tax Rate

18

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Hotel and Tourism industry by Type (USD millions)

                4.1 Vacation tourism

                4.2 Medical toursim

                4.3 Cultural toursim

                4.4 Eco toursim

                4.5 Adventure toursim

                4.6 Cruise toursim

                4.7 Event toursim

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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