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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