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Brazil hotels poised for record growth in demand as middle class expands

Posted on 23 August 2011

Brazil’s hotels are likely to set a record for growth in demand this year, spurring international chains to double their market share in South America’s largest country within a decade, Jones Lange LaSalle Hotels said.
Brazil’s revenue per available room probably will jump at least 20 percent this year, according to Ricardo Mader, a Sao Paulo-based executive vice president at the real estate advisory firm. Revpar, a measure of occupancy and rates, rose a record 17 percent in 2010………………………………………Full Article: Source


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