Israeli hotels have been losing business to Airbnb in recent years, so now Fattal Group, Israel’s biggest hotel chain, has reportedly leased two buildings in Tel Aviv and fitted them as short-term rental apartments let out via Airbnb under Fattal’s Leonardo Hotels “Master” brand.

Airbnb reportedly offers about 9,000 properties in Tel Aviv alone, while the number of hotel overnight stays has been declining – by 3% year on year in September.

The hotel’s move has been met with mixed reactions and the tax situation is under review.

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