You can take the Light Rail which is right outside the hostel to the Central Bus Station in Jerusalem, or any of the buses that stop right at the hostel on Nevi'im St to the bus station. From there take an express bus to Tel Aviv. There are two choices - #405 goes to the Central Bus Station or #480 to the Arlozorov Terminal. I'll let the Tel Aviv locals tell you which bus to take from there.
To get back you just reverse the process.
This is fine if you on Tuesday. If you go on Friday, you can take public transit to Tel Aviv, but may not have that option coming back - as buses stop running about an hour before the Sabbath starts. In which case you can take a sherut - shared taxi back to Jerusalem. It will take you to Zion Square in Jerusalem - a few blocks away from the hostel.
And yes - you should have no trouble getting by with English.
How often do the buses run? Do I buy ticket on the light rail? Is Abraham walking distance and easy to find to Central bus station in Jerusalem?
The hostel is down the road from the CBS, no problem finding it. You must purchase a ticket before getting on the train and validate it as soon as you get on, using the validater at each door. If you will be using the train often you may want to purchase a bulk ticket (cartisia) for a certain number of rides which saves you a bit of cash and time for each ride. Do not purchase several tickets at one time to use on different days as they are only valid on the date of issue. Train runs every 6-12 minutes depending on the time of day.
The bus to Tel Aviv runs every 5-10 , minutes and leaves soon as its filled up. There are no stops before arriving in Jerusalem.
If you want to walk to the bus station - figure 15 minutes max. Walk down Jaffa Road in the opposite direction of the Old City - you'll pass the Machane Yehuda market on your left. Keep going - the bus station is a huge building on your right - can't miss it - you'll see the metal detectors and security at each entrance.
Buses to Tel Aviv are on the 3rd floor.
It would definitely be better to do this on a Tuesday if you are using public transit.
It sounds complicatred in these posts but it really is very easy. Walk to the central bus station, take the bus to Tel Aviv and then another local bus to Jaffa. Jaffa sites are very close to each other and you can visit the port and flea market on foot. From there you can walk from Jaffa to Nahalat Benyamin and the Carmel Market.
I suggest starting out in Jaffa. From the Tel-Aviv Central Bus Station you can take the 41 or 42 to Sderot Yerushalayim Blvd. in Jaffa. From there it is a short walk to the flea market. Afterwards you can then continue to Old Jaffa and the port:
(the flea market is shown as "HaPishpeshim MArket" on the map).
If you still have time you can then take the #25 bus from Sderot Yerushalayim to Allenby to the Carmel Market (not Camel). The Carmel Market is open daily; the Nahlat Binyamin Market is open only on Tues & Friday.
I suggest going on Tuesday if you want to see both.
If I have time for one market, should I go to Carmel or Nahlat Binyamin Market? Which one is easier to find?
They are adjacent to each other. Both start at Allenby St opposite King George St. Look at the map.
I can not imagine you not having time for both. Get an early start and you'll have no problems.
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