Brazil: Domestic demand, World Cup set stage for development | hotelnewsnow.com

Brazil’s proximity to the United States, along with its growing middle class, large domestic market and favorable exchange rate, make it a prime target for development by American hotel companies. James Chappell, managing director of STR Global, said Brazil and South America are very attractive to American brands because they are close to home, are located in similar time zones and almost universally accept the U.S. dollar.