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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Read more:
[ Refurbishment is nigh for Godolphin chapel ]
[ How Husam Mohammed Jaber became a trailblazer for the return of the besht ]
[ The story of Naama Beauty Centre: home to Abu Dhabi's first Moroccan hammam ]
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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
Company name: Ogram
Started: 2017
Founders: Karim Kouatly and Shafiq Khartabil
Based: Dubai, UAE
Industry: On-demand staffing
Number of employees: 50
Funding: More than $4 million
Funding round: Series A
Investors: Global Ventures, Aditum and Oraseya Capital
Sweet Tooth
Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
Company Profile
Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
UAE currency: the story behind the money in your pockets
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
More from Neighbourhood Watch
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PROFILE BOX
Company name: Overwrite.ai
Founder: Ayman Alashkar
Started: Established in 2020
Based: Dubai International Financial Centre, Dubai
Sector: PropTech
Initial investment: Self-funded by founder
Funding stage: Seed funding, in talks with angel investors
TO CATCH A KILLER
Director: Damian Szifron
Stars: Shailene Woodley, Ben Mendelsohn, Ralph Ineson
Rating: 2/5
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi