Quote:
Originally Posted by SGS
The plans for that place have been on the go for many years. Dubai isn't even running at 50% occupancy at the moment so the last thing they need is more hotels.
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For hotel to be profitable often its enough to have 30%+ occupancy.
Plus even if the city gets only 50% occupancy it does not mean this particular developer could not get 80% or more.
They need to build fancy shit otherwise nobody would come their for vacations and they need tourist to replace oil when it ends.