STR: Brazil hotel performance reboundsStaff Writer | March 9, 2018
A double-digit increase in occupancy during January 2018 was further evidence of hotel performance recovery in Brazil, according to an analysis from STR.
Hospitality Four consecutive months of RevPAR growth
The year-over-year jump in occupancy was the highest for any month in Brazil since February 2011.
Additionally, Brazil has reported four consecutive months of RevPAR growth, with three of those four producing a double-figure lift. Prior to that stretch, the country saw 13 consecutive months of RevPAR declines. ■