Cut price airline tycoon Stelios Haji-Iannou will unveil a range of budget hotels for the region this Sunday, ArabianBusiness.com can reveal.
The founder of easyJet has tied up with Istithmar Hotels for the venture, which will provide the first wide range of low cost hotels in Dubai. Sources suggest that the new hotels will be on the outskirts of the emirate, and if successful, will be expanded into Bahrain, Kuwait and Doha.
"We're hoping that some rooms could be going for just US$30 a night. The idea is that the pricing will be done on a supply and demand basis, and you will only be able to book online," says a source close to Haji-Iannou, adding: "Dubai has some fabulous attractions and what we are hoping is that visitor who want to spend their money on some of these rather than purely on five star resort style accommodation will come to us."
The Greek entrepreneur is credited with revolutionizing the airline industry in the UK with his no frills carrier easyJet. He has since gone on to launch hugely successful low price ventures in car rentals, the internet and cinemas.For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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