Abraham Hostels and Tours
Sustainable tourism fostering socio-economic growth and cultural diversity
DATE OF INITIAL INVESTMENT
FEBRUARY 2019
BRIDGES EXECUTIVE
RAN GRODECKI
CEO
YARON BORGIN
IMPACT
GROWTH
STRONGER
COMMUNITIES
An award winning chain of hostels and a leading tourism company for Free Independent Travelers. The chain demonstrates the elements of social and sustainable tourism, generates socio-economic benefits to a variety of stakeholder and supports cultural diversity and tolerance.
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Challenges
Sustainable tourism which takes into account current and future economic, social and environmental impacts has the potential to alleviate many societal challenges, yet is currently underrepresented in Israel’s growing tourism sector.
Investable Solution
Founded in 2010, Abraham Hostel is a chain of three Hostels and a leading tourism company in Israel for Free Independent Travelers (FIT). The company operates multi-cultural and multi-narrative tours, acts as a hub for cultural and social initiatives and operates a best-in-class operation when it comes to making sure economic benefits are fairly distributed in its surrounding communities.
The Group has won multiple prestigious international awards such as the Top Ten Hostels Award by Hostel world, TripAdvisor’s Travelers Choice Award, Responsible Tourism Award for Best Accommodation for Local Communities, the Best Social Space 2018 by the WYSE Travel Confederation and more.
Impact
Sustainable tourism has the potential to contribute, directly or indirectly, to many of the Sustainable Development Goals and is firmly positioned in the UN’s 2030 Agenda with a designated target that calls for the promotion of ‘sustainable tourism that creates jobs and promotes local culture and products’ (Goal 8, Target 8.9).
Abraham Hostels emphasize direct, fair, inclusive and empowering employment and has impact on the livelihood and opportunities of employees from underserved demographics. The group intentionally source from and supports SMEs growth throughout Israel and the region. In addition to being a tourism company that aims to break through and excel, the group strives to influence society and the community by creating bridges and strengthening tolerance through a multi-cultural and multi-narrative content embedded in its operations, tours activities and its art and cultural happenings.