• The Voyager Space Station will be able to accommodate 400 guests when it opens in 2027. All images Orbital Assembly Corp / Twitter
    The Voyager Space Station will be able to accommodate 400 guests when it opens in 2027. All images Orbital Assembly Corp / Twitter
  • Hotels rooms will be spread over 12 modules with 126 luxury suites, 62 luxury rooms and 30 standard rooms.
    Hotels rooms will be spread over 12 modules with 126 luxury suites, 62 luxury rooms and 30 standard rooms.
  • Space tourists will be able to check-in at the Voyager Station hotel without any prior astronaut training thanks to the structure's rotating design, which provides near-linear gravity.
    Space tourists will be able to check-in at the Voyager Station hotel without any prior astronaut training thanks to the structure's rotating design, which provides near-linear gravity.
  • Spacewalks - where visitors don space suits and head out into the atmosphere - will be one of the hotel's key tourism draws.
    Spacewalks - where visitors don space suits and head out into the atmosphere - will be one of the hotel's key tourism draws.
  • The hotel will also have 44 Earth Return Vehicles to take travellers to and from the Voyager Station.
    The hotel will also have 44 Earth Return Vehicles to take travellers to and from the Voyager Station.

Out of this world: First space hotel set to welcome guests by 2027


Hayley Skirka
  • English
  • Arabic

A Californian company is planning to build the world's first space hotel and wants to welcome guests by 2027.

Orbital Assembly Corporation bills itself as the world's first large-scale space construction company.

It has plans to open the Voyager Station, part of which will be a luxury hotel in orbit, capable of accommodating up to 400 guests.

Space tourists will be able to check-in at the hotel without any prior astronaut training thanks to the structure's rotating design, which provides near linear gravity.

This also means that toilets and showers will be able to operate normally, and that guests will be able to walk, run and jump inside the structure.

Spacewalks, films and concerts

Spacewalks – where visitors don space suits and head out into the atmosphere – are being billed as one of the hotel's key tourism draws.

The circular VoyagerStation will be 200 metres in diameter, and made up of 24 habitation modules. Each module is 12 metres in diameter and will be constructed of rigid aluminium.

These rotating modules will house restaurants, a space bar, a state-of-the-art gymnasium, cinema, rock-climbing and more. Some could also be used for concerts or sporting events.

Hotel rooms and suites will be located in at least 12 of the rotating modules. The company has plans to open 126 luxury suites, 62 luxury rooms and 30 standard rooms, spread over three levels.

Some of the station's fixed modules will be used for the space station's air, water and power needs.

Gravity as strong as the moon

Spacewalks – where visitors don space suits and head out into the atmosphere – are set to be one of the hotel's key tourism draws. Orbital Assembly Corp / Twitter
Spacewalks – where visitors don space suits and head out into the atmosphere – are set to be one of the hotel's key tourism draws. Orbital Assembly Corp / Twitter

The unique rotational design of the hotel means that artificial gravity on site will be almost as strong as that on the Moon. That's something that will allow first-time space tourists to book a stay where they will be comfortable.

"Micro-gravity is just brutal on our bodies. We need artificial gravity to be able to live long-term in space," explained Tim Alatorre, co-chief operating officer at Orbital Assembly Corporation.

The hotel will also have 44 Earth Return Vehicles to take travellers to and from the Voyager Station. Each of these can accommodate up to 10 passengers and will glide back from space, with automated flight controls for a landing that would, in theory, be able to happen at any airport runway that handles commercial traffic.

The space station will be used by researchers, private companies and government agencies as a place to train crew that is headed to Mars or the Moon. It will also welcome individual tourists, but if you fancy a trip, know that it won't come cheap. The company estimates recreational space travellers will need a net-worth of about $50 million to take a trip. For that price, travellers are guaranteed a hotel with plenty of atmosphere.

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Abu Dhabi racecard

5pm: Maiden (Purebred Arabians); Dh80,000; 1,400m.
5.30pm: Maiden (PA); Dh80,00; 1,400m.
6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA); Group 3; Dh500,000; 1,600m.
6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (Thoroughbred); Listed; Dh380,000; 1,600m
7pm: Wathba Stallions Cup for Private Owners Handicap (PA); Dh70,000; 1,400m.
7.30pm: Handicap (PA); Dh80,000; 1,600m