Israel Canada - Barak Rosen - Passportnews

Israel Canada Hotels’ Revenue Jumped 48% in the First Half of 2023

As ‘Passport News’ reported in the second quarter of 2023, Israel Canada Hotels’ revenues grew by approximately 36.2%. They amounted to approximately NIS 83,580 million compared to a total of approximately NIS 61,340 million last year. The operating profit in the year’s first half amounted to approximately NIS 11.6 million.

Israel Canada Hotels continues to expand its operations in Israel and abroad. The hotel chain purchased a boutique hotel on the island of Paros in Greece and added to its ranks two hotels in strategic locations, one in the center of Tel Aviv and the other in the north of the country.