RIO de Janeiro's hotel industry saw gains larger than what was recorded in London 2012 and Beijing 2008 during the Olympic Season, according to latest figures released from STR. During Aug, Rio's hotels posted a whopping 199.2% surge in average daily rate to BRL1,250.26 (AU$513.32) and a 26.6% uptick in occupancy to 76.0%. In comparison, Beijing 2008 saw an 18.8% decline in occupancy whilst London's occupancy figures flatlined in 2012.
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 11 Oct 16
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