By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite occupancy rates falling below last year for the New Year's Eve festivities in Rio's Zona Sul (South Zone), the industry is optimistic, and points to the major increase in capacity following the rooms the city added for the Olympic Games.

In a report by local news outlet O Globo, the hotel occupancy in Zona Sul is 85 percent, compared to 94 percent the city saw last year for Subscribe to our Premium Membership Plan. Already Subscribed? Login Here