50%-75% decrease in hotel occupancy rates after Gaza war

Economy

Published: 2023-12-25 17:07

Last Updated: 2024-02-25 01:39


50%-75% decrease in hotel occupancy rates after Gaza war
50%-75% decrease in hotel occupancy rates after Gaza war

A recent report by the World Bank, regarding the Israeli Occupation’s aggression against the Gaza Strip, revealed that the potential economic impacts on the Jordanian economy will be significant as the war widens, directly affecting the tourism sector.

Tourism in Jordan has suffered greatly due to the war on Gaza, with hotel occupancy rates and reservations decreasing 50 percent to 75 percent in the two months following the occupation's aggression.

The report notes a 76 percent increase in the number of "same-day visitors" since the beginning of 2023, representing 17 percent of total tourists.

Despite the relatively small size of the tourism sector, constituting only 1.5 percent of Jordan's Gross Domestic Product (GDP), it is closely linked to other sectors such as retail, transportation, and construction.

The World Bank report predicts that airline companies will also incur higher operational costs than usual due to the necessity of adopting new routes to avoid traveling over conflict zones.

The Minister of Tourism, Makram Queisi, previously stated that hotel reservations in Jordan had declined by 50 percent since the start of the war on Gaza on October 7.