IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.11% USD/MXN 17.29 ▼ 0.42% USD/CLP 888.00 ▼ 0.41% USD/COP 3,687 ▲ 0.98% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 — 0.00% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,590 ▼ 0.22% ETH 2,003 ▼ 0.79% SOL 81.74 ▼ 0.98% XRP 1.33 ▼ 0.62% BNB 714.84 ▼ 0.43% ADA 0.23 ▼ 0.99% DOGE 0.10 ▼ 1.06% AVAX 8.85 ▼ 0.83% LINK 9.05 ▼ 1.26% DOT 1.17 ▼ 1.78% LTC 51.64 ▼ 1.35% BCH 298.99 ▼ 1.31% TRX 0.35 ▲ 0.36% XLM 0.25 ▲ 8.53% HBAR 0.09 — 0.00% NEAR 2.27 ▲ 0.94% ATOM 1.93 ▼ 4.19% AAVE 81.41 ▼ 1.48% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.10% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1659 ▲ 0.03% GBP/USD 1.3452 ▲ 0.07% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3795 ▲ 0.06% US10Y 4.4530 ▼ 0.04% IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.11% USD/MXN 17.29 ▼ 0.42% USD/CLP 888.00 ▼ 0.41% USD/COP 3,687 ▲ 0.98% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 — 0.00% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,590 ▼ 0.22% ETH 2,003 ▼ 0.79% SOL 81.74 ▼ 0.98% XRP 1.33 ▼ 0.62% BNB 714.84 ▼ 0.43% ADA 0.23 ▼ 0.99% DOGE 0.10 ▼ 1.06% AVAX 8.85 ▼ 0.83% LINK 9.05 ▼ 1.26% DOT 1.17 ▼ 1.78% LTC 51.64 ▼ 1.35% BCH 298.99 ▼ 1.31% TRX 0.35 ▲ 0.36% XLM 0.25 ▲ 8.53% HBAR 0.09 — 0.00% NEAR 2.27 ▲ 0.94% ATOM 1.93 ▼ 4.19% AAVE 81.41 ▼ 1.48% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.10% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1659 ▲ 0.03% GBP/USD 1.3452 ▲ 0.07% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3795 ▲ 0.06% US10Y 4.4530 ▼ 0.04%
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Business - Brazil Local Business

Hotel Occupancy Should Reach 85 Percent for Carnival in Rio

By · January 11, 2018 · 3 min read

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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL – After positive results from the New Year’s Eve holiday in Rio, there is optimism in the hotel industry for Carnival this year, with Brazilian Association of the Hotel Industry of the State of Rio (ABIH-RJ) predicting 85 percent occupancy.

Hotel occupancy rates in Rio increase, Rio de Janeiro, Brazil, Brazil News
It is expected that this summer the average hotel occupancy rate will reach seventy percent up from the 55 percent recorded last summer, photo by Rogério Santana/Impressa RJ.

According to the ABIH-RJ, the sector achieved an average occupancy of 98 percent on New Year’s Eve. The city also had 89 percent of the hotel rooms occupied for the holiday period, a significant improvement over the previous year, which closed with 78 percent.

It is expected that this summer the average occupancy rate will reach seventy percent, up from the 55 percent recorded last summer. According to state’s Secretary of Tourism, Nilo Sergio Felix, Rio should celebrate the results and continue working to attract more and more visitors to the interior of the State of Rio.

“We were very happy with the numbers of the New Year’s Eve in Rio de Janeiro. We exceeded all expectations and presented a sensational celebration all over the state. I am sure that all summer we will keep the tourism hot,” secretary Felix told a Rio government news agency.

Certainly a major factor in the increase in hotel occupancy is a lowering of the daily rates. According to a survey by the association of hotels, the prices have dropped approximately fifteen percent compared to the same period last year, an adjustment considered natural due to the increase of at least 20,000 new hotel rooms created for the Olympics.

British expatriate living in Rio, Tom Le Mesurier of popular food guide Eat Rio, explains the industry environment. “The twelve months after the Olympics where really tough for everyone involved in tourism. Many operators struggled due to what they called the ‘Ressaca Olímpica’ (Olympic Hangover).”

Sofitel Rio de Janeiro Ipanema Ex Caesar Park, Rio de Janeiro, Brazil, Brazil News, Copacabana, Ipanema, Leblon, hotels, tourism, tourists, New Years Eve
Sofitel Rio de Janeiro Ipanema Ex Caesar Park is among the top hotels in the city, sitting near the famed ‘post 9’ along Ipanema beach, photo by Sofitel Group.

He adds, “I am finally starting to see a steady improvement in tourism this year (it got going in November 2017). The fact that the numbers are improving despite continuing bad PR (stories of favela violence, etc) makes me feel that the low numbers in the last year were more to do with that post-Olympic effect than all those scare stories.”

As far as the hotel rates, Le Mesurier adds, “I think a [fifteen percent] decrease in accommodation rates is a great thing – it will help encourage people to visit the city and then spread the word about what a fantastic place this is.”

Continuing, “Many people are shocked when they discover how expensive everything is in Rio so reducing the price of accommodation seems like a great investment in tourism in general.”

Alfredo Lopes, president of ABIH-RJ had explained to the government news agency that the Rio de Janeiro a Janeiro (Rio January to January) tourism program is also helping. “We recently had the launch of the calendar of events […], which began this New Year’s Eve and promises a series of events in the summer.”

Adding, “[We also] carried out a strong promotional campaign that ran between August and November of this year, the main national markets that send tourists to Rio de Janeiro.”

Studies indicate that Brazilians should make up eighty percent of visitors this summer, mainly from São Paulo and Minas Gerais. Among foreigners, the largest groups will be from Argentina and Chile.

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