eRevMax shares key insights on Brazil Hotel Industry
An additional 3.7 million people are going to visit Brazil this year as the football fever grips the country, according to an infographic developed by eRevMax, the leading channel management and connectivity solution provider. The Infographic Brazil 2014: Capture the Craze, based on several market studies sheds key insights on Brazil Hospitality Industry and suggests hoteliers to have a balanced mix of global and regional channels in their distribution portfolio.
Often cited as the Greatest Event in the World, the tournament is expected to be a major boost for the Brazilian economy, particularly for the hospitality industry as an estimated $25 billion is expected to be spent by football lovers. Brazil is witnessing an explosion of hotel inventories supply with over 173,000 new rooms being added before the event. With the online travel industry growing at over 34%, eRevMax believes there was never a better time for the Brazilian hotel industry to sell its inventories by reaching out to the online buyers.
Tourist influx along with relatively lower room availability has led to a steep increase in hotel prices. The average hotel rate in cities like Rio de Janeiro is expected to be 50% more than what it would be during Olympics 2016. Brazil is the most popular travel destination in Latin America, and also by far the most expensive. eRevMax warns Brazil hoteliers to utilize the high demand to raise profitability, but give attention to the shoulder seasons on either side of this mega event as they are expected to be leaner periods than in normal times.
About eRevMax: eRevMaxis the leading provider of online distribution, channel connectivity, market intelligence and revenue management solutions to the hospitality industry. The company delivers its premium hotel channel management product RateTiger, web-based solution SimpleDistribution and its real-time enterprise connectivity gateway - Connect, to the hospitality and travel industry. Incorporated in 2001, eRevMax serves over 7000 customers worldwide with offices and R&D centers across three continents.