eRevMax, the leading travel technology provider to the hospitality industry has released an infographic shedding key insights of the hotel industry in Brazil. The Infographic titled Brazil Hotel Industry Snapshot highlights that nearly half- million foreign tourists are expected to visit Brazil during Rio 2016 Olympics and the country is set to welcome a total of 7 million international tourists by the end of this year.
Almost 4,500,000 international visitors arrived at Chile in 2015, which indicates an important growth of 22% compared to 2014, and a record number of overseas visitors during the last years. Regarding average occupancy rate, during 2015 an occupancy rate of 41% was registered at the national level, according to INE, which represented 1.38 points of growth (pp) in comparison with 2014. In this article, we will examine the most important items related to tourism and hotel sector, including the pipeline of hotel projects.
STR's April 2016 Pipeline Report shows 28,715 rooms in 178 projects Under Contract in the Caribbean/Mexico region. The total represents a 3.8% decrease in rooms Under Contract compared with April 2015 but a 9.3% year-over-year increase in rooms In Construction.Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 12,809 rooms in 79 projects In Construction for the month.Among the region's key markets, Central Mexico (3,846 rooms in 30 hotels) reported the largest number of rooms In Construction, followed by Yucatán Peninsula, Mexico (1,795 rooms in eight hotels) and Northwest Mexico (1,441 rooms in 12 hotels).
The Mexican hotel industry reported mixed results in the three key performance metrics for the first quarter of 2016, according to data from STR.
Hoteliers are betting on Los Cabos’ reputation as a top destination for luxury travelers, as they continue to bring upscale brands to the area. The good news: it seems to be paying off. The hot spot saw a 14.7% tourism increase in 2015 compared to 2014, welcoming more than 1.5 million tourists a year. Delta Vacations and Aeromexico Vacations bookings to the destination have seen “healthy double-digit increases,” said Delta Vacations senior vice president of marketing and product development Tina Iglio. Iglio predicts Los Cabos will “represent a huge opportunity for travel agents in 2016.”
Associated Luxury Hotels International (ALHI), the leading worldwide independent Global Sales Organization (GSO) serving the North American Meetings and Incentive (M&I) marketplace, recently expanded its global portfolio with Bern Hotels & Resorts Panama's exceptional The Westin Playa Bonita Panama in Panama City, Panama. The addition helps ALHI address the growing demand for M&I programs in Central America, and specifically Panama, according to ALHI President Jim Schultenover. ALHI now represents the resort to North American meeting professionals and executives interested in conducting meetings, conventions and/or incentive programs.
This article analyzes hospitality markets in six major Brazilian cities – São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba, Porto Alegre and Salvador – discussing key performance indicators in 2014 vis-à-vis past years. Welcome to the 7th edition of the Brazil: Trends and Opportunities, an annual publication by HVS/HotelInvest that focuses on presenting and analyzing hospitality industry performances in the primary markets in Brazil. Every year we digest the latest, reliable market information and present the challenges and opportunities facing the Brazilian hospitality industry. In the end, it is our opinion that a well informed and transparent market is a solid and professional one. In this edition, we will analyze the situations that affected the hospitality market in 2014, including the World Cup, the stagnation of the national economy, and the presidential elections.
This article analyzes hospitality markets in six major South American cities –Buenos Aires, Santiago, Bogota, Lima, Rio de Janeiro and São Paulo – discussing key performance indicators in 2014 vis-à-vis past years and future outlook for 2015.
nst the expectations of the third quarter preview of Trends and Opportunities Brazil, in the fourth and last quarter of 2014 the overall performance of the subject hospitality markets analyzed decreased. Historically, periods of presidential elections may cause some trouble to the corporate hospitality demand. Especially this year, uncertainties about the election result and its reflex in the economy slowed down the corporate market in the period. These factors allied to the expressive supply growth in some cities, resulted in negatives variations of RevPAR in all cities but São Paulo.
With the world’s biggest sports event commencing in Brazil, HVS São Paulo analyzes the impact of the games on the region’s hotel market. Despite the turbulent preparations, the event has had a positive start, and hotels in majority of the host cities should have good reasons to celebrate.
With the world's biggest sports event commencing in Brazil, HVS São Paulo analyzes the impact of the games on the region's hotel market. Despite the turbulent preparations, the event has had a positive start, and hotels in majority of the host cities should have good reasons to celebrate.
The 2014 edition of Trends and Opportunities Brazil – an annual report jointly released by HVS and HotelInvest that analyzes hospitality markets in six major Brazilian cities – reveals that key performance indicators trended negatively in 2013, though the average occupancy in Brazil continued to remain at healthy levels; above 63%.
The Global Business Travel Association (GBTA), the voice of the global business travel industry, has released its latest GBTA BTI™ Outlook report on Brazil as part of its semi-annual series. Sponsored by Visa.
Brazil's lodging fundamentals remain positive as the country experienced a double-digit rise in average daily rates (ADR) and record revenue per available room (RevPAR) growth in 2011. Steady performance levels coupled with efficiencies in hotel operations led to record profits with a historic high of 36.5 percent gross operating performance for hotels, according to Jones Lang LaSalle Hotels' annual, bi-lingual research study, Lodging Industry in Numbers – Brazil 2012.
"Booming domestic and international travel demand in the country continues to drive up occupancy and average daily rates, or ADR, in markets across Brazil," said Ricardo Mader, Executive Vice President for Jones Lang LaSalle Hotels in Sao Paulo. "The rise in ADR has outpaced the country's GDP growth, highlighting the significant recovery in the sector."
The U.S. hotel industry experienced increases in all three key performance metrics during the week of 24-30 July 2011, according to data from STR. In year-over-year comparisons for the week, occupancy rose 2.5 percent to 72.8 percent, average daily rate increased 4.1 percent to US$103.59, and revenue per available room finished the week up 6.7 percent to US$75.42.