It’s simple supply and demand. You don’t need to be an economist to understand that concept. And when it comes to hotel rooms in Brazil, tourists may soon find themselves on the right side of the equation. With the country playing host to the 2014 FIFA World Cup (that’s soccer, folks) and Rio de Janeiro welcoming the Parade of Nations in 2016 for the Summer Olympics, 259 new hotels and 43,827 rooms will be available to visitors in the next two years. While occupancy rates will be high during the two major, international events on the horizon, that’s a lot of rooms to fill after the crowds have left (and before they arrive, for that matter). That glut of accommodations stands to create fare sales that surely will benefit those looking to visit South America in the coming years.
With many of these new properties opening in 2013 – still a year ahead of the World Cup – it makes sense to keep an eye on rates across Brazil. There’s a good chance that you’ll already start to see some deals popping up as properties look to make back construction costs, generate buzz, and separate themselves from the pack.
Our friends at Skift credit the strong Brazilian economy for the building boom, but they worry that the country will be left with an issue after the FIFA World Cup and Summer Olympics are history. Empty hotel rooms are bad for hotel owners and, in general, the economy that strongly benefits from tourism.
As you begin to plan your 2013 travels, consider adding Brazil to your list. There’s a pretty good window of time before the world descends on this gorgeous country. Stay ahead of the crowds and take advantage of a newly-flooded hotel market and find yourself a steal!