Hotel Occupancy in Rio up 12 Percent, Lifted by Carnival and Less Competition

The absolute hotel occupancy level was the best for a Q1 in Rio since 2015, while the Average Daily Rate value was the highest for an opening quarter since 2016.

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The absolute hotel occupancy level went up in Q1 2019 by 12.2 percent to 63.9 percent. This was the best result for a Q1 in Rio since 2015, while the Average Daily Rate (ADR) value was the highest for an opening quarter since 2016.

STR’s Global Hotel Study report says that March produced significant year-over-year growth in the market with a boost from Carnival.

Occupancy and ADR were up 25.0 percent and 30.0 percent, respectively, leading to 62.5 percent growth in Revenue per . . .

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