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Club Med reopens its Achziv resort
Thursday, September 01, 2005
Managers of the international resort and tour operator Club Med, including Vice-President Francois Salamon, agreed in a

meeting with Israeli Tourism Minister Avraham Hirchson, to begin redevelopment of its Achziv resort in northern Israel by the beginning

of 2007. The company will begin operating winter flights to Eilat and continue its joint campaign with the Tourism Ministry to attract French visitors

to its resort in the southern Israeli sun destination. Club Med positively views the establishment of a third Israeli resort in the city of Netanya.

Between 1.7 and 2 million tourists are projected to visit Israel in 2005.
Rania Deimezi - Thursday, September 01, 2005
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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