For those looking for a financial investment, Eilat offers a few interesting possibilities. In a city that is always bustling with tourists, and where the almost perpetual warm weather turns most days into tourist season, investing in real estate and renting it out to the many visitors that come and go through this coast city is a good idea.
Many people purchase apartments and rent them out on a daily or weekly basis to tourists as a cheaper alternative to hotels. In addition, from time to time the municipality publishes information about investment opportunities in the city’s tourism business.
There are other current developments in the city which may signal opportunities. For example, currently a large conventions and fairs center is being planned in the city, which might mean opportunities both in and around the project. Other businesses which do well in the city are, of course, bars, clubs, restaurants and diving equipment stores.