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Israel Sees Paradox: Tourist Numbers Plummet, Card Spending Recovers
Israel is experiencing a paradox where official tourist numbers have fallen by 78%, but spending via foreign bank cards has nearly recovered to pre-war levels. This discrepancy is attributed to increased online purchases, spending by new immigrants and foreign personnel, and inflation.
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What happened
- 01Tourist arrivals dropped 78%, but foreign card spending is near pre-war levels.
- 02Traditional tourism sectors like hotels and restaurants saw over 40% spending decline.
- 03Online purchases and spending by new immigrants explain the spending paradox.
- 04Inflation also contributes to the difference between spending figures and purchase volume.
The coverage
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- HarediNone
- ArabNone
- Other4
How it broke
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