More open hotels, more demand - On 28 January, 96% of hotel rooms in Brazil were open. At the same time, the market has been exceeding 30% occupancy since the beginning of November, reaching occupancy levels as high as 37.8% on 9 December.
Leisure markets in Brazil have seen steady occupancy increases due to rising domestic demand. In October, Manaus posted a 51% occupancy level, followed closely Barra de Tijuca (46%) and Recife (44%).
Brazil, like many nations, has lifted COVID-19-related entry restrictions for travelers and provided an additional flow of demand for reopening hotels. However, reopening measures are determined on a state level. How has this affected Brazil’s recovery?
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.
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.
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.
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 country’s hotel sector–despite broader economic challenges in Brazil.
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.
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.
Brazil Moves Up to 8th Largest Business Travel Market in the World, Poised for Continued Growth