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SAO PAULO, BRAZIL-A report about the Brazil hotel industry shows that in 2009, the country’s lodging companies posted an average daily rate growth of 10.4% for the year, boosted by the country’s quick economic rebound in the second half of the year. Following this turnaround, the country is one of the rising stars of the investment world, and has about 153 hotel projects in construction or advanced planning.

The Jones Lang LaSalle Hotels report, “Lodging Industry in Numbers – Brazil 2010,” shows that last year did produce a few hospitality hiccups, including occupancy rates softened by 1.4% and gross operational profit down by 1.1% as firms reduced the number of meetings, events and banquets. However, revenue per available room (RevPAR) grew to $63.76 in 2009, the highest in Brazil’s history, according to JLL EVP Ricardo Mader.

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