Loans totaling 27,000,000 pounds ($9,000,000) have been approved for various tourist projects, with emphasis on the more popular non-luxurious types of accommodations and services, it was announced here today. During 1962, increases in popular tours were reported in Israel, mostly by groups originating in Europe.
The foreign currency spent by the 184,000 tourists visiting Israel last year totaled $33,000,000, some $3,000,000 more than the amount spent by the 160,000 tourists visiting the country in the previous year. The figures do not include fares earned by El Al and Zim, the national airline and shipping services.
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