“Soaring property prices have made it virtually impossible to develop new hotels in the primary markets due to extremely elevated land values … most of the main hotel developers in Brazil are real-estate developers who can earn higher margins in the residential market … nevertheless, there are windows of opportunity for hotel development in Brazil, especially as concerns budget and economy hotels in secondary or tertiary cities with populations of between 80,000 and 1,000,000, where the average GDP growth, in 2012 and 2013, has exceeded 10%.”
- Jessica Kelly, Senior Tourism Analyst
This report looks at the following areas:
What will be the medium-term impact of the 2014 World Cup and the 2016 Summer Olympics on Brazil’s hotel sector? How is hotel development financed in Brazil? What are the leading domestic and international hotel chains in Brazil? Where are the best hotel development opportunities in Brazil?