“Boutique hotels” added to Brazil’s accommodation rating scheme
Travellers looking for hotels in Brazil can now search for properties with a ’boutique’ rating following the addition of the classification to the country’s accommodation rating system. ‘Boutique’ is the seventh category to be added to the scheme, joining other groups such as resorts and apartments. Thirty-five hotels across Brazil have already signed up to be given the new classification, which is typically associated with properties accommodating up to 60 guests and providing…
Brazil´s Hotel Industry adopts new star rating system to become more competitive internationally
The Brazil hotel market is booming in the build up to the 2014 FIFA World Cup and the 2016 Olympic Games. But what the country has boasted in momentum it’s also lacked in transparency—until now. The country has launched the Brazilian System for the Qualification of Accommodation Options, a rating system that classifies hotels from one to five stars. To use the symbol, hotels must endure a qualification process from the Ministry of Tourism. In June 7th, the Minister of Tourism, Pedro Novais, signed off the…
Brazil started 2011 with massive foreign capital investments inflows
The inflow of us dollars to Brazil so far this year (Jan-March 5) marks a surplus of usd 24.3 billion over outflows, which helped to further appreciate the Brazilian Real, according to the latest figures released by the Central Bank. This is the result of financial operations mainly by Brazilian corporations’ overseas issues and long term foreign investors. In fact, property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital…
