As global sports fans reflect on Brazil's hosting of the 2013 Confederations Cup, many travelers are already preparing trips to the South American nation for the 2014 World Cup and the 2016 Summer Games. Overall, the events are expected to have an enormous positive impact on Brazil's economy.
Hyatt Hotels Corporation (NYSE: H) today announced the execution of an agreement to form a joint venture between a Hyatt affiliate and FSA Group S.A. (FSA), a Libra Group company, to develop and own nine Hyatt Place-branded hotels in Brazil. The total investment from Hyatt and FSA for the development of these hotels is expected to be approximately US $270 million.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced that it will increase its operating hotel footprint in Latin America by 50 percent during the next five years, opening an average of seven new hotels per year in the region. Emphasizing Latin American's growth potential as one of the world's fastest growing hotel and travel markets, Starwood's CEO Frits van Paasschen and members of the company's senior executive team visited Latin America last week, traveling to key growth markets, including Brazil and Colombia.
IFC, a member of the World Bank Group, has become an anchor investor in BHG S.A.- Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) with a$25 million equity investment during the company's recent successful public offering of approximately$200 million.
Meliá Hotels International has announced the signing of what will become its seventeenth hotel in Brazil, the new TRYP Itaboraí, with which the company will continue to strengthen its position in one of its priority markets for international growth.
Marriott International (NYSE:MAR) announced today plans to open a new 162-room Courtyard by Marriott Hotel in Recife, Pernambuco, Brazil's largest and most modern city in the Northeastern region of the country. The hotel project is developed under a management agreement with Rio Ave Ltda., a prominent, local real estate developer. This project, already in construction, will be the Rio Ave Ltda's first venture into the lodging sector and is scheduled to open in the second quarter of 2014, before the World Cup. The new Courtyard by Marriott property will be located ten minutes from the Guararapes International Airport, and situated in Recife's upscale Boa Viagem neighborhood known for its great shopping, five star restaurants, and close proximity to the beautiful beaches.
IHG (InterContinental Hotels Group) (LON:IHG) (NYSE:IHG) (ADRs), one of the world's leading global hotel companies, today announced the signing of the Holiday Inn Express® Marília. The new-build, 102-room Holiday Inn Express® hotel will be among the first internationally branded properties in the city of Marília, and is slated to open toward the end of 2013. With a population of 220,000, Marília is predominantly a business destination known for its many sugar cane refineries that produce the important commodity, ethanol. The hotel will be centrally located, affording easy access to major thoroughfares, and minutes from Marília's principal shopping center, industrial district and airport.
Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) hereby announces the signature of a Memorandum of Understanding for the management of Soft Inn Mega Moda, a hotel that is being developed in Goiania. The new project will mark the debut of a new BHG brand in Goias: Soft Inn, an economic segment brand that offers quality at an excellent cost-benefit ratio.
BHG S.A. - Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY ) hereby communicates the signing of a Memorandum of Understanding (MOU) for the management of a hotel in Sao Jose dos Campos, in the interior ofSao Paulostate. The project is under construction and is scheduled to open during the fourth quarter of 2013.
The Unique in São Paulo won me over - and convinced me that its name is deserved - when I took a dip in the indoor pool. The easiest way in is trip down a water slide, into the multihued pool (blue! yellow!) with its underwater music, bubbling submerged chaises, and video-projection screen on the wall. This is Brazil at its most freewheeling, fun-loving, colorful best.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has partnered with GJP Hotéis & Resorts to expand the presence of its global powerhouse brand Sheraton Hotels & Resorts in Brazil. Sheraton da Bahia Hotelwill be located in Salvador, one of the most important tourist destinations in the country. The 284-room historic Hotel da Bahia is currently undergoing an extensive renovation and will re-open to its full splendor by Q1 2013. It will be operated by local hotelier GJP Hotéis & Resorts under a franchise agreement.
World Youth Day next year, FIFA World Cup in 2014, the 450th anniversary of Rio in 2015, the Olympic Games in 2016 ... Theatre of a growing number of world events in the coming years, Brazil has a great future in the Tourism and Hospitality industry. Having earned $ 79 billion in tourism revenue in 2011, the country will have, according to the World Tourism Organization, an increase of 7.8% in the same sector this year. If the destination attracts many foreigners, It is mainly driven by local tourism, boosted by the steady rise in the standard of living, which is experiencing significant growth: + 6.5% in 2011.
Marriott International (NYSE: MAR) announced today plans to introduce two of its mid-market hotel brands, the Fairfield Inn and Courtyard by Marriott brands in Brazil. The company will open a new 165-room Fairfield Inn by Marriott in Porto Alegre, Rio Grande do Sul, and a 160-room Fairfield Inn by Marriott and 158-room Courtyard by Marriott hotel, both in Curitiba, Parana. All three properties will be developed under an agreement with Mr. Aldemir Dadalt, owner and president of Prisma Engenharia SA, a prominent regional real estate development and construction company based in Joinville, Santa Catarina, who has developed 14 hotels located in major cities of Southern Brazil.
MICROS Systems, Inc. (NASDAQ:MCRS), a leading provider ofinformation technology solutionsfor the hospitality and retail industries, is pleased to announce that the Pestana Group, Portugal's leading hospitality group, has selected MICROS OPERA for its 9 properties in Brazil, expanding its decade long partnership with MICROS, which has included the MICROS OPERA Enterprise Solution, along with a variety of MICROS Point-of-Sale (POS) solutions for its restaurants. Through the expanded partnership, The Pestana Group will begin to replace its legacy technology in all of its Brazilian properties with MICROS OPERA as the hotel group pursues to expand the scope of its operations.
Hilton Worldwide has announced that it has signed a management agreement with Carvalho Hosken Hotelaria Ltda. for the 298-room new-build Hilton Barra, Rio de Janeiro in Brazil - Hilton Worldwide's first hotel in Rio de Janeiro. The project, currently under construction, is expected to open in June 2014 and will provide travelers a new place to stay during the 2016 Summer Olympics.
Accor, the world leader hotel operator and market leader in Brazil, announces a record secured pipeline of 90 contracts to be delivered by 2016. The Group network in Brazil will increase by 13,819 new rooms, generating more than 3,600 jobs. With these developments, Accor strengthens its leadership in the country and further fortifies its position in Latin America.
World's leading travel trade show collaborates with ABAV – A Feira de Turismo das Américas: ITB Academy to hold three days of seminars at Brazil's B2B trade show – programme includes up-to-the-minute topics: CSR, Business Travel, MICE and Gay and Lesbian Travel – ITB Berlin represented with its own stand
With the London 2012 Olympics over, the spotlight has started to shift to Brazil, which will be hosting the 2014 FIFA World Cup and the 2016 Summer Olympic and Paralympic Games. Brazil reported increases of 9.9 percent in revenue per available room (RevPAR) for the first seven months year to date, led by 14.5-percent increase in average daily rate (ADR) in local currency, according to STR Global, the leading provider of market information to the hotel industry.
The Global Business Travel Association ("GBTA"), the world's premier business travel and corporate meetings organization, has released its second GBTA BTI™ Outlook report on Brazil as part of its semiannual series. The report, sponsored by Visa, includes the GBTA BTI™, an index of business travel spending which provides a way to distill market performance over a period of time.
IHG (InterContinental Hotels Group), [LON: IHG, NYSE:IHG (ADRs)], Latin America's most experienced international hotel company, today announced that the Holiday Inn Express Rio Brancoin Brazil has broken ground. The new-build hotel is scheduled to open in late 2013, just in time for the forthcoming FIFA World Cup in Brazil. When the property opens, it will be IHG's first hotel in Rio Branco.