Could there be more hotels for sale in Brazil on strong occupancy rates?
Date added: 13th August, 2010 at 09:17
(view all articles from August, 2010)
Categories: Hotels
People seeking hotels for sale in Brazil may be interested to know that new research has found the number of people staying in the properties is above average.
According to the Financial Times, a report from Jones Lang LaSalle showed occupancy of the assets was 62 per cent in 2009 - higher than the typical rate seen since 2003.
Ricardo Mader, chief executive of the firm's hotel department, told the news provider's beyondbrics section: "More and more Brazilians are travelling and spending money on hotels," explaining that local people used to stay for free with friends or family instead.
The information source said better access to credit and higher salaries as some of the drivers behind the shift, noting that revenue per room soared 7.7 per cent between 2008 and 2009, according to the Jones Lang LaSalle study.
Recently, the Miami Herald cited Brazilian sports minister Orlando Silva as saying the country will need to construct more accommodation for the 600,000 foreign tourists he expects to arrive for the 2014 World Cup.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of hotels for sale in Brazil.
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