Industry Update
External Article13 August 2010

Brazil: boom-time for hotels

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Armed with expanding credit and rising incomes, Brazilians are spending more – and that includes on travel. Demand for domestic flights surged in the first half of 2010, while hotel rates are also up. “More and more Brazilians are travelling and spending money on hotels”, Ricardo Mader, executive vice president of Jones Lang LaSalle Hotels, an investment services group, told beyondbrics.

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