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Corinthia Hotels International to operate new Dubai Hotel&Suites
Wednesday, July 18, 2007
Malta-based Corinthia Hotels International announced the signing of a long-term management agreement with Golden Sands Hotel Co. LLC of Dubai for the operation of the 371 all-suite ‘Ramada Hotel & Suites Jumeirah Beach’. The exclusive property is set to open in January of 2008 and forms part of the larger Jumeirah Beach Residence master complex, a unique high-rise development located minutes away from Dubai’s golden sandy beaches.

The management agreement is a first for Corinthia Hotels International in this thriving destination since signing a joint venture agreement with Wyndham Worldwide, last year, for the exclusive operation of Corinthia, Wyndham® and Ramada Plaza branded hotels in the EMEA region.

In addition to the 371 suites, the ‘Ramada Hotel & Suites Jumeirah Beach’ features a number of superior amenities, including an all-day dining room, a speciality restaurant, bar, a gymnasium and fitness room, an outdoor swimming pool, several meeting rooms and secured underground parking.

“We are delighted to be entering Dubai for the first time with such a wonderful product, having successfully established our management expertise over the last 45 years in exclusive destinations such as Malta, Prague, Budapest, St Petersburg, Lisbon and Tunis, to name a few. We pride ourselves in being able to introduce a new dimension of warmth, colour and vitality to all our new operations, elements that blend in perfectly with this amazing City” said Tony Potter, chief executive officer of Corinthia Hotels International.

The Jumeirah Beach Residence complex is located some 15 minutes away from Dubai’s city center, on a 1.7 kilometre stretch of land in between Jumeira Beach and the Marina. The complex features 36 residential towers, four hotel towers, beach clubs, restaurants and retail outlets. It lies in close proximity to Dubai Internet City, Dubai Media City and Emirates Golf Club. With an impressive two million square metre footprint, the development represents the world’s largest single phase project of its kind.
Rania Deimezi - Wednesday, July 18, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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