Vacation
Real Estate News
World Cup Soccer Lifts Brazil Hotels

World Cup Soccer Lifts Brazil Hotels


This past summer's FIFA World Cup did a huge favor for Brazil.

The 2014 World Cup, held from June 12th through July 13th, led host country Brazil to experience strong hotel performance gains during the months of June and July, according to STR Global.

STR Global tracked data for nine of the 12 cities that hosted matches throughout the tournament: Belo Horizonte, Brasilia, Curitiba, Fortaleza, Manaus, Porto Alegre, Rio de Janeiro, Salvador and São Paulo.

Thumbnail image for ElizabethRandall.jpg

Elizabeth Winkle

"The FIFA World Cup is a very popular tournament that draws visitors from around the world", said Elizabeth Winkle, managing director of STR Global. "Not only did the tournament draw global visitors but it attracted visitors from across the country. As we anticipated, the World Cup had a positive impact on Brazil hotel performance during June and July".
 
Among the host cities, Rio de Janeiro reported the strongest performance in occupancy and average daily rate. All host cities, except Fortaleza, reported higher occupancy during June than in July, despite São Paulo that had nearly the same occupancy performance for both months. In June, during the Group Phase of the tournament there were more matches/teams playing, which offers an explanation for the higher demand levels.

Rio de Janeiro, which hosted the media centre as well as seven matches, including the finals, was able to maintain high occupancy and ADR levels throughout the entire tournament.


WPJ News | Brazil Hotel Markets Occupancy June and July 2014


Overall, hotels in Brazil saw a 50.1-percent ADR increase in June and a 36.1-percent ADR increase in July. The ADR increase was reflected across all host cities, however, occupancy levels across all host cities decreased when compared to 2013.
 

WPJ News | Brazil Hotel Markets ADR June and July 2014


Brazil saw a 2.0-percent supply increase in June 2014 on a 12-month-moving-average basis. Rio de Janeiro and São Paulo, off the back of a high supply base, increased supply by 1.4 percent and 0.6 percent, respectively. Brasilia saw a supply increase prior to the World Cup of 4.2 percent.


Sponsored by

Comment with Facebook


Copyright 2010 - 2017 WORLD PROPERTY JOURNAL, INC. All Rights Reserved.
Advertisement
News Search
Go


Luxury Property Spotlight

Reader Poll

Advertisement
Featured International Listings
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO