For the last two years, the Atlantis hotel has been the only operating hotel on the infamous Palm Jumeirah isle. There have been dozens of other hotels and resorts planned, but the lack of funding and economic woes brought those projects to a grinding halt. The outlook was grim for the 30 planned luxury hotels, especially considering that Dubai’s hotels experienced an extreme drop in occupancy rates due to a lack of tourism.
The combination of lack of confidence in travel and luxury spending coupled with the unwillingness of the financial industry to back projects considered a risk due to the global economy has made the Atlantis seem like it would be standing alone for quite some time. However, recent news has been good news for Palm Jumeirah and the hospitality sector as a whole.
Several projects have construction that is back up and running, with plans to be open before the end of the year. Included in the upcoming openings is the One&Only The Palm, which will open on October 10th. This 90-room hotel will be the only boutique-style venture on the island. Zabeel Saray will be opening in October as well, which features 410 Turkish-styles rooms and villas. Several other large-scale projects, including an all-inclusive resort, are slated to open in 2011.
If you have been thinking about finding a tropical oasis for your next career move, the Palm Jumeirah is the place to be. Regardless of the financial outlook for the rest of the world’s travel hotspots, there is no doubt Palm Jumeirah will be the destination location the majority of travelers will be planning to visit due to its unique and diverse luxury offerings.
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