Hotel Reservations for New Years and Carnival Down 50 Percent

Two of Rio de Janeiro's biggest events appear to be feeling the effects of the recession with demand for hotels showing steep declines compared to the same period last year.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to recently released figures from the Brazilian Hotel Industry Association (ABIH) and the Brazilian Travel Agents Association (ABAV), demand for hotels and travel packages for Rio de Janeiro's two biggest events of the year, New Year's Eve and Carnival, are showing steep declines compared to the same time last year.

In an ABIH survey, hotel reservations for both events are currently down 50 percent when compared . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?