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.
