View Single Post
Old 01-29-2013, 01:10 PM  
SGS
Confirmed User
 
SGS's Avatar
 
Industry Role:
Join Date: Dec 2002
Location: Mallorca - Nottingham
Posts: 5,176
Quote:
Originally Posted by mineistaken View Post
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.
You have obviously never been to Dubai...
__________________
See sig...
SGS is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote