I’m in a hotel room, but I’m not writing this Postcard from a desk or even from the edge of my bed.
I can’t stare out the window, hoping pertinent things to write about will come to mind. That’s because this izZzleep Hotel ‘room’ is a 1.8 metres-long by 91 centimetres-high box, one of 40 capsules that have opened as a concept hotel in Mexico City’s Benito Juárez International Airport.
For US$40 (Dh147) a night, you get free Wi-Fi, a fold-down TV and a complimentary pair of socks. Stopping by for a siesta sets travellers back $7.50 for a two-hour minimum stay, and to use a shower costs $6.80, although this is included in the nightly rate.
There’s a memory-foam mattress, temperature control and an alarm to make sure guests don’t miss onward flights, though that’s a feature I don’t risk using – maybe it works fine, maybe it doesn’t; maybe I muck up setting the alarm and oversleep. I deem it not worth experimenting with, and in any case, there are strategically-placed electricity outlets and USB ports for recharging your phones and tablets.
Phone calls are not allowed in or outside of the capsules and guests are not allowed to bring food into the hotel, but on this particular evening, it’s exactly what I need.
Overnighting at the airport spares me from having to face taxis and traffic in a city I’ve never visited before, among people who speak a language I don’t understand.
I don’t have to worry about whether I’ll make my early morning plane onward to Ciudad Juárez because check-in is just a five-minute walk away.
The owners say the idea for opening this type of hotel, that is a first for Central America, came from right in front of their noses.
“We had a job that had us travelling continuously. As frequent travellers waiting for flights and looking at people sleeping on the floor, the idea just came up,” says manager José Martin.
After two years of investigation and development works, izZzleep Hotel came to fruition.
“Although we are far from calling this a business, the results are encouraging: in three months, we’ve had visitors from 64 countries, [of whom] 48 per cent are women and 52 per cent are men.”
Sleep pods and capsule hotels have previously been installed at airports including Abu Dhabi, Naples, Berlin, Helsinki and across Asia.
When a room at a standard airport hotel anywhere in the world can run into hundreds of dollars (the nearby Hilton Mexico City Airport, for example, starts at $170 a night), their budget-friendly prices and unmatchable locations should make them an ideal alternative for travellers.
But as convenient and cheap as they are, the model has never really taken off. They look a bit cool and are certainly a novelty, yet pod accommodation has never hit mainstream.
Maybe it’s their portrayal as a snapshot of life in a distant, dystopian future – take Charlie Brooker’s Black Mirror or any of a host of sci-fi films – that has scared people off.
One reason that comes to mind as I try swinging my right leg up into the top-level capsule is that they’re not particularly easy to get into. “Head first, no, leg first,” I debate with myself (it’s head first, as it turns out).
And while capsule hotels are great for a few hours’ sleep between flights or as a quiet place to chill, you can’t comfortably work on a laptop or, at the izZzleep Hotel at least, down a Big Mac and fries. Or even a salad.
____________
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The story of Naama Beauty Centre: home to Abu Dhabi's first Moroccan hammam
____________
Major international airports such as Paris Charles de Gaulle and Amsterdam Airport Schiphol have full-length seating and large armchairs in designated ‘quiet zones’ for sleeping that, while hardly ideal for those with a mountain of luggage in tow, meets most travellers’ demands.
izZzleep Hotel manager Martin says the main challenges facing the model are convincing airport authorities of their market potential, and in getting travellers to take to what is a minimalist, Japanese-origin idea. But he is hopeful they will catch on.
“The concept is just starting to be rediscovered, like the case of coffee shops years ago.
“Before Starbucks, only a few countries had lots of coffee shops, but now it seems like every urban space on Earth has one,” he says.
Still, even with the Benito Juárez International Airport last year becoming the second busiest in the Americas, the snaking lines of people to be seen sleeping on its floors point to the fact that $40 is something many still choose not to pay.
For me, at least, it was totally worth it. Before I know it, I’m woken by the alarm on my fully-charged phone, and with thousands of kilometres still to cover in the day ahead, my body feels, mercifully, very well rested indeed.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Tales of Yusuf Tadros
Adel Esmat (translated by Mandy McClure)
Hoopoe
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Company%20Profile
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More coverage from the Future Forum
UAE's role in anti-extremism recognised
General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.
He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.
"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.
He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.
COMPANY%20PROFILE
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Company%20Profile
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Teams
India (playing XI): Virat Kohli (c), Ajinkya Rahane, Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Hanuma Vihari, Ravichandran Ashwin, Ravindra Jadeja, Wriddhiman Saha (wk), Ishant Sharma, Mohammed Shami
South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
More from our neighbourhood series:
Results
Stage 5:
1. Jonas Vingegaard (DEN) Team Jumbo-Visma 04:19:08
2. Tadej Pogacar (SLO) UAE Team Emirates 00:00:03
3. Adam Yates (GBR) Ineos Grenadiers
4. Sergio Higuita (COL) EF Education-Nippo 00:00:05
5. Joao Almeida (POR) Deceuninck-QuickStep 00:00:06
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates 17:09:26
2. Adam Yates (GBR) Ineos Grenadiers 00:00:45
3. Joao Almeida (POR) Deceuninck-QuickStep 00:01:12
4. Chris Harper (AUS) Team Jumbo-Visma 00:01:54
5. Neilson Powless (USA) EF Education-Nippo 00:01:56
Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
Specs – Taycan 4S
Engine: Electric
Transmission: 2-speed auto
Power: 571bhp
Torque: 650Nm
Price: Dh431,800
Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor
Transmission: 2-speed auto
Power: 455bhp
Torque: 700Nm
Price: from Dh431,800