Low Occupancy And Slashed Rates Mark Atlantis Opening
Business at Atlantis, the $1.5 billion (Dh5.5 billion) hotel on the Palm Jumeirah is slow, with low occupancy levels and room rates slashed dramatically. Despite the grand opening of the resort on Thursday night, which saw stars and celebrities descend on the Palm, business is not so impressive. The average room rate on November 17 was Dh849 ($231), Tuesday was Dh380 ($104), an incredible Dh161 ($44) on Wednesday night and Dh157 ($44) on Thursday night.
Source: Gulf News
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