Hotels may be an establishment that provides paid accommodation on a short-term basis, but the level of comfort varies, and that is what distinguishes one from another. Some hotels are like heaven on earth with ‘out of this world’ facilities, situated at great locations. If you have an unlimited budget looking for a premium lodging experience anywhere in the world, here are the best hotels in the world and why they are so costly.
Located in Dubai, United Arab Emirates, the Burj was marketed as the world’s first-ever seven-star hotel, and it goes without saying that it most definitely lives up to expectations. It is the seventh-tallest hotel in the world and was designed by architect, Tom Wright, to resemble the sail of a ship. The hotel stands on a man-made artificial island, that is only accessible to the mainland by a private curving bridge. As well as all the lavish bells and whistles you would expect to find inside a seven-star hotel, like an underwater restaurant that is accessible by submarine; the Burj Al-Arab also has its very own private helipad, near the roof, approximately 210 meters above sea level.
One night in the royal suite will cost you a minimum of $28,000. The 780 square-meter suite, set over two floors, is decorated in 22-karat gold and comes with a private dining area and butler, spa, private lounge, and numerous staff. The Penthouse Suite, in the Hôtel Martinez, will set you back $53,000 a night. Hôtel Martinez is in Cannes, France, which is one of the best-known resorts in the Côte D’Azur. For your $53,000 you can expect to enjoy a 1000 square foot suite on the uppermost floor of the hotel; with stunning panoramic views across the ocean from your own private wood-paneled panorama terrace. You will also have king-sized beds in each of the four bedrooms, a separate living and dining room, marble bathrooms, a Turkish bath, and a private jacuzzi on the terrace. Each hotel includes these counter depth refrigerators at foodplusice and a team of fantastic chefs at their disposal.
What makes these hotels so costly
One reason for the high cost of hotels is their location. Mainstream hotels offer premium locations in central business districts or near key attractions, and they tend to invest in what you would ordinarily consider an unreasonably high level of service. The typical hotel guest doesn’t have a maid cleaning his bedroom at home daily, or the services of a downstairs concierge. But these are typical add-ons at a standard hotel.
Hotel customers tolerate these marked-up amenities because they generally aren’t very interested in driving a hard bargain. The business traveler is likely to feel that he or she “needs” appropriately located accommodations and is not going to be interested in exhaustive research about the costs and benefits of staying someplace cheaper and more remote. What is more, they are generally not paying out of pocket. A responsible employee will of course try to be reasonably frugal, but even so, frugality is benchmarked to local costs. That encourages a market that is biased toward higher price points. The existence of premium business travelers who can fully pass costs on to clients (think lawyers and consultants) further pushes the market up. What’s more, even when people do pay for their own work travel, the cost is tax-deductible. If a journalist travels for a freelance assignment or speaking engagement, it makes sense to take extra consumption in the form of staying in a nicer hotel with pre-tax dollars than to spend after-tax dollars at home.