Luxury hotels are having a glorious moment
Rich travellers mean rich returns for investors
IN DONCASTER, A town in northern England, $100,000 will buy you a four-bedroom house. In Dubai, it will get you a four-bedroom penthouse—for a night. The Royal Mansion, the nightly rate for which makes it the world’s priciest suite, sits on the 18th and 19th floors of the Atlantis The Royal hotel. It comes with 1,100 square metres (12,000 square feet) of marble floors, a terrace with an infinity pool, a steam room, Hermès shampoo, $500 bathrobes, a not-so-mini bar and, naturally, a butler.
This article appeared in the Business section of the print edition under the headline “Posh space”
Business March 23rd 2024
- Just how rich are businesses getting in the AI gold rush?
- Europe wants startups to do AI with supercomputers
- Demand is soaring for capitalism’s emergency surgeons
- Luxury hotels are having a glorious moment
- Could Aldi’s supermarkets conquer America?
- TikTok is not the only Chinese app thriving in America
- The secret to career success may well be off to the side
- Can anything stop Nvidia’s Jensen Huang?
From the March 23rd 2024 edition
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