Despite questions from critics over their funding and time frame Galactic Suite Space Resort insists that they are on track to open a Hotel orbiting earth at an altitude of 450km and a speed of 30,000km/h by 2012.
For 3 million euros a guest will be able to stay in the space hotel for three nights. Eight weeks of training is required and is included in the price, as is the trip there and back in a Russian rocket.
The hotel will be able to house four guests and the two rocket pilots initially. While guests would not have staff looking after them they would get to see 15 sunrises and would go right around the earth every 1 hour, 20 minutes.