{"id":11409,"date":"2024-12-09T11:07:59","date_gmt":"2024-12-09T09:07:59","guid":{"rendered":"https:\/\/rega.news\/?p=11409"},"modified":"2024-12-09T11:07:59","modified_gmt":"2024-12-09T09:07:59","slug":"retail-therapy-a-surge-in-israeli-spending-on-black-friday-this-year","status":"publish","type":"post","link":"https:\/\/reganews.co.il\/en\/retail-therapy-a-surge-in-israeli-spending-on-black-friday-this-year\/","title":{"rendered":"Retail Therapy? A Surge in Israeli Spending on Black Friday This Year"},"content":{"rendered":"<p><strong>Black Friday Data Reveals a Story of Growth<\/strong><\/p>\n<p>According to data from Cal, which operates in the credit market, the number of online purchases by Israelis on Black Friday grew by about 17% in credit card transactions compared to 2022. Additionally, credit card transaction volumes increased by about 21%. In contrast to November 2023, when the mood was depressed in Israel following the October 7th massacre.<\/p>\n<p>Furthermore, data from Isracard shows that the average transaction amount has increased by 9.5% compared to 2023 across all consumption sectors, with the cities registering the highest transaction volumes being: Eilat, Rishon Lezion, Petah Tikva, Tel Aviv, and Jerusalem, but there was also a surge in transaction volumes in the Krayot.<\/p>\n<p>According to Isracard, the tourism and leisure sector exhibited a growth of 268% in transaction volume compared to the previous year, alongside an increase of about 6.5% in transaction volume compared to 2022. Shagit Dotan, the incoming CEO of Max and VP of Private Customers, explains that: &#8220;similar to the period after COVID, we are seeing an increase in transactions in the aviation and tourism sector, which we term &#8216;revenge travel&#8217;, a phenomenon of compensating for a long time when people did not go on vacation.&#8221;<\/p>\n<p>According to Amit Shagaya, VP of Data and Digital Marketing at Isracard: &#8220;The data on Israelis&#8217; spending in November in general and on Black Friday in particular indicate growth in the business activity of the economy and a continuing trend of rising prices, compared to last year when activity slowed down following the war that broke out on October 7.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A growth of 21% in credit card transactions and 268% in the tourism sector: the data on the increase in Israelis&#8217; online spending indicates growth in business activity alongside rising prices.<\/p>\n","protected":false},"author":3,"featured_media":11410,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,84,82],"tags":[2292,2294,2291,2293],"class_list":["post-11409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-recreation","category-car","tag-black-friday","tag-cal","tag-economic-security","tag-isracard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retail Therapy? 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A Surge in Israeli Spending on Black Friday This Year\" \/>\n<meta property=\"og:description\" content=\"A growth of 21% in credit card transactions and 268% in the tourism sector: the data on the increase in Israelis&#039; online spending indicates growth in business activity alongside rising prices.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reganews.co.il\/en\/retail-therapy-a-surge-in-israeli-spending-on-black-friday-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"REGA news\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T09:07:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2024\/12\/credit-cards.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"By Yoav Bowman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"By Yoav Bowman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/reganews.co.il\/en\/retail-therapy-a-surge-in-israeli-spending-on-black-friday-this-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/reganews.co.il\/en\/retail-therapy-a-surge-in-israeli-spending-on-black-friday-this-year\/\"},\"author\":{\"name\":\"By Yoav Bowman\",\"@id\":\"https:\/\/reganews.co.il\/en\/#\/schema\/person\/2500eda9386ebe013aa5f19f2959b231\"},\"headline\":\"Retail Therapy? 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