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Brazilian News - March 2011

Numbers of hotels for sale in Brazil to rise?

The number of hotels for sale in Brazil may rise, as one expert has suggested that the construction of the properties is to accelerate.

Hotel Interactive reported on the comments of senior vice-president of Lodging Econometrics Bruce Ford, who explained at the BITAC luxury event that the World Cup and the Olympic Games, which are soon to be hosted by the nation, will give the industry a boost.

"They have some tremendous events coming up in Brazil over the next several years … and they will need to build hotels and they will need to become more branded," he said.

In 2014, the World Cup will be played over 12 cities in the country, while the Olympics will be held in Rio de Janeiro in 2016.

Mr Ford said that developers' plans are "largely unannounced" at the moment but he predicted that 30,000 rooms could be under construction by the end of next year.

"The more branded that they become the more that banks are going to get interested, the more that international investors are going to get interested," he asserted.

Currently, there are around 11,000 rooms being built, the news provider noted, with another 15,000 more announced as part of new projects this year.

Hotel Interactive stated that changes in the Brazilian population may also be positive news for the sector.

Indeed, the Brazilian Institute of Geography and Statistics (IBGE) recently revealed that usual real income among its people had reached R$1,540.30 (£588.57) in February compared with R$1,485.94 at the same point a year earlier, representing a 3.7 per cent annual increase.

This may reflect the increasing number of individuals in work in the country, as the figures also showed the unemployment rate dropped to 6.4 per cent last month, compared with 7.4 per cent 12 months previously.

In February, there were around 10.7 million people with jobs with formal contracts – a 6.9 per cent rise on statistics from a year earlier, or an extra 687,000 roles.

Other positive changes in Brazil reflected in statistics from the IBGE include a 1.2 per cent increase in retail sales in January compared with the month before, the ninth hike seen in as many months.

Meanwhile, nominal revenue in the sector grew by 1.1 per cent, rising for the 13th consecutive month....

Date added: 31st March, 2011 at 10:03
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Further investment in Brazil 'needed for ethanol production'

More investment in Brazil is needed for the ethanol production industry, experts have claimed....

Date added: 30th March, 2011 at 10:36
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Foxconn 'may be planning investment in Brazil'

Technology company Foxconn may be planning to make an investment in Brazil, according to recent news reports....

Date added: 21st March, 2011 at 10:01
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Rousseff calls for investment in Brazil

Investment in Brazil is being encouraged by the nation's president Dilma Rousseff, who recently gave her first major interview as leader of the country to local financial newspaper Valor....

Date added: 18th March, 2011 at 10:01
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Hotels for sale in Brazil to see more weddings?

People looking for hotels for sale in Brazil may be able to cash in on wedding parties, as one expert has said overseas nuptials are becoming more popular.

Philippa Onslow, media sales manager at Wedding TV, explained many couples are planning to marry in foreign lands.

In fact, bridal gowns that are suited to travel abroad are now increasingly available in the UK, she said.

These dresses often use lighter fabrics, which may be useful for those tying the knot in the warm Latin American climate.

One of the reasons Brits are taking their wedding party overseas is because it can be cheaper than getting hitched at home, Ms Onslow stated.

She explained that the popularity of tying the knot abroad was particularly evident during the current economic climate.

Cost may be a deciding factor for couples, as research by HSBC recently showed that nuptials are often twice as expensive as individuals expect....

Date added: 17th March, 2011 at 10:16
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'Get a lawyer' when buying Brazilian property

People looking to buy Brazilian property have been advised to hire an independent lawyer....

Date added: 10th March, 2011 at 09:06
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Second half of the year 'best time for investment in Brazil'

People considering making an investment in Brazil have been advised to wait until the second half of the year....

Date added: 9th March, 2011 at 10:11
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