Tuesday, August 4, 2009

Brazilian Hotels Raise Prices as Rio Lures Tourists in Downturn

Aug. 4 (Bloomberg) -- Accor SA, Marriott International Inc. and independent hotel operators in Brazil raised average daily rates by 5.5 percent in the first half to the highest since 2005 as destinations including Rio de Janeiro lured travelers.
Rates in Rio, the beach city known for Carnival parties and samba music, climbed 12 percent from a year earlier in local currency, according to Smith Travel Research Inc. data. Occupancy rose 5.6 percent even as it fell 7 percent nationwide.

Read more:
http://www.bloomberg.com/apps/news?pid=20601205&sid=a6.9e5W4b_.Q

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