The Brazilian Hotel Sector showed definite signs of recovery in the first 2 months of 2018 and it is the North-East of Brazil ( most notably Fortaleza, Salvador and Recife ) where improvement is most pronounced judging by the 3 main hotel performance metrics ( according to the FOHB study on Hotel Performance in Brazil )
Occupancy Rate for Brazilian Hotels in January & February 2018
The North-East collectively posted a 70% Occupancy rate,up from 64%in 2017 way out performing the other regions of the country where the average as a whole was 54%. The top 3 cities in brazil all resided in the sun drenched North-East with Fortaleza coming top at 80%,and Recife and Salvador each posting 72%. Rio De Janeiro in contrast posted an O.C rate of 59% in the first 2 months of this year.
Average Daily Rate for Brazilian Hotels in January & February 2018
Of the 14 state capitals featured in the study only 3 cities posted increases in ADR from 2017 to 2018, 2 of which were Recife and Fortaleza.The average rate in Recife was R$212 (up 6.5%) and Fortaleza R$223 (up 0.2%) Campinas and Manaus posted the biggest falls in ADR (17% + 8.8% respectively)
Rev Par for Brazilian Hotels in January & February 2018
The 3 big cities of North-East Brazil again came up trumps in revenue per room figures with Salvador posting an increase of 17.9%,Fortaleza 12.4% and Recife 12.9%. Fortaleza far outstripped any other city in the country with a RevPar of R$180 per room in the first 2 months of this year.
The North-East of Brazil is likely to continue its upward trajectory in the hotel sector as the Brazilian economy improves. It remains the favourite destination for sun and beach vacations for its huge domestic population (200 million Brazilians) with all year round sunshine,warm weather and sensational beaches.There is also a significant and growing number of south american visitors from especially Argentina and Chile and more direct,charter flights from Europe and North America.
For more information on Hotel Investment Opportunities in Fortaleza/
To see the latest hotels for sale in Brazil in April 2018/
5 small beachfront hotels for sale in North-East Brazil/
Mike is a Hotel Broker in Brazil and offers Hotel Investment Opportunities through the country including in the key cities featured in this article,Fortaleza,Recife and Salvador.