Industry in Netanya is largely divided between four industrial parks. In the south of the city, the newest of these houses the first branch of IKEA in Israel as well as much hi-tech industry. Tourism also plays a fairly major part in Netanya's economy with some 19 hotels in the city having 1,452 rooms. On average, this creates some 589 jobs. The hotels had an average occupancy rate of 51.7% in 2006. Netanya's long seashore and many beaches have created a holiday industry, which in turn features resort hotels, restaurants, and malls
