Despite low occupancy due to Covid, construction of Israeli hotels is at a five year high. Half of the 148,000 sqm being built is in Tel Aviv, with other sites in Jerusalem, the Kinneret, Haifa and the North. The Israeli tourist industry hopes for a speedy return to the record 4.55 million foreign visitors in 2019.
https://en.globes.co.il/en/article-hotel-construction-in-israel-booming-1001397875