Wednesday 22 May 2013

How the hotel tide turned for Abu Dhabi - FT.com

"Rocco Forte, the chain of luxury hotels, chose Abu Dhabi for its first hotel in the Middle East. That decision would come to haunt it.
The green glass wave-shaped building opened to fanfare in November 2011, but just over a year later, Rocco Forte pulled out.
The story of the hotel – which was delivered two years behind schedule – lays bare the problems for hoteliers struggling amid oversupply in Abu Dhabi. Its failure – in part a result of its location – also underscores a broader issue: the impact of delays to the city’s tourist developments on international business."

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