Hotel prices in Israel are the fifth most expensive in the world, according to the annual Hotel Price Index survey, to be published at the weekend.
Considered the most comprehensive survey in the industry, it compiles the actual prices paid by tourists for an online reservation of a hotel room through Expedia — the world’s biggest group for reserving tourism products.
In the 2009 report, Israel shared third place with Switzerland.
According to the survey, the average price of a hotel room reserved in Israeli hotels in 2013 was NIS 817 ($235), which was cheaper only than Monaco, Oman, Mauritius and Singapore.
One of the reasons Israel ranks so high is due to a shortage of low-cost hotels in the country. Europe and North America, on the other hand, have a wide variety of low-cost hotels, which pushes the average price down.