Hospitality : Steady performance levels in Brazil coupled with efficiencies in operations led to a record 36.5% gross operating performance in 2011…

according to Jones Lang LaSalle’s Lodging Industry in Numbers – Brazil 2012.

Brazil’s occupancy rate rose 2.2% year-over-year in 2011, which is comparable to the real GDP growth rate for the year, ending the year near 70%. ADR accelerated by more than 17.2% in 2011, resulting in city hotels reporting record RevPAR growth of 20.5%.

Read more…

 

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