Brazil reported a 10.2% year-over-year occupancy increase in January, the highest occupancy increase for any month in the country in nearly seven years. continue reading →
This article analyzes hospitality markets in six major Brazilian cities São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba, Porto Alegre and Salvador discussing key performance indicators in 2014 vis-à-vis past years. continue reading →
Against the expectations of the third quarter preview of Trends and Opportunities Brazil, in the fourth and last quarter of 2014 the overall performance of the subject hospitality markets analyzed decreased. continue reading →
The 2014 World Cup proved a much-needed boost of good publicity for Brazil. The country is currently facing a recession and inflation stands at 6.5 percent. But over the summer, more than 1 million foreign tourists flocked to the South American country to watch their teams compete. Early indicators showed that each of the 12 host cities benefitted from the influx of tourists, and it looks like the party continues for the countrys hotel sectordespite broader economic challenges in Brazil. continue reading →
Among the FIFA World Cup host cities, Rio de Janeiro reported the strongest performance in occupancy and average daily rate. All host cities, except Fortaleza, reported higher occupancy during June than in July, despite São Paulo that had nearly the same occupancy performance for both months. continue reading →
This article analyzes hospitality markets in six major Brazilian cities São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba, Porto Alegre and Salvador discussing key performance indicators in 2013 vis-à-vis past years. continue reading →
According to Jones Lang LaSalles Lodging Industry in Numbers Brazil 2013 report Brazilian hotels are still on investors 'hot spot' list as operating results continue to show gains above inflationary rates, with average gross operating profit (GOP) increasing by 7.9 percent compared with 2011 levels. continue reading →