Hotels for sale in Brazil could see high levels of demand
Date added: 7th July, 2011 at 10:50
(view all articles from July, 2011)
Categories: Tourism, Property News, Hotels, Rio, Olympics 2016, World Cup 2014
People thinking of buying hotels for sale in Brazil may be making a shrewd investment as it has been noted that inns are filling up fast.
Bloomberg highlighted figures from Rio de Janeiro's hotel association and service industry union, which showed that 79 per cent of all rooms in the city were booked in April.
These statistics echo the findings of a recent STR Global study, which showed that the Americas saw a 4.5 per cent increase in occupancy rates in May, reaching 61.6 per cent.
Rafael Guaspari, vice-president of Atlantica Hotels International's Brazilian arm Barueri told the news provider: "Today, if you go to Rio, it may be quite hard to find a place to sleep."
This demand for rooms may become even more intense in the run up to the 2014 World Cup and Olympic Games in 2016, both of which will be held in the city.
Bloomberg cited the results of a survey from the Brazilian Forum of Hotel Operators, which suggested another 2,430 units will need to be built in the settlement to accommodate the influx of tourists expected for these events.
While this may see property in Rio de Janeiro grow in value, it may also increase returns on investment in the city's real estate, as Mr Guaspari noted that the amount visitors are paying for their room is on the up.
Property Bond International Ltd was established in 2003 to help overseas buyers purchase Brazilian Property Investments. A free personal search service is also offered whereby clients specify exact requirements and properties are searched for. Property Bond also offer a consultancy service for clients or businesses wishing to enter into Brazil to make contact with product suppliers or purchase other investments, rent offices. - see www.brazilianassets.com
Related Articles
Investment in Brazil "stimulating economic growth"
Date added: 5th July, 2011 at 10:30
(view all articles from July, 2011)
Brazilian property stocks 'to see stronger performance'
Date added: 4th July, 2011 at 10:35
(view all articles from July, 2011)
My House My Life affordable housing project 'offers opportunities for Brits'
Date added: 1st July, 2011 at 10:11
(view all articles from July, 2011)