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Report Shows 9th Consecutive Year of RevPAR Growth for Brazilian Hotels

Report Shows 9th Consecutive Year of RevPAR Growth for Brazilian Hotels

For the ninth consecutive year, Brazil’s urban hotels and condo hotels witnessed RevPAR increases, according to a report by JLL Hotels & Hospitality Group Americas. Despite slow growth in the Brazilian economy, hotels garnered 0.4 percent and 6.7 percent increases in occupancy and average daily rate, respectively, over the previous year. As a result, the 6.7 percent RevPAR growth in 2013 outpaced the country’s 5 percent inflation rate.

Read more of the report here.

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