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Beach blanket Brazil: global hotel chains see tourism on the rise in Brazil and are spending big bucks now.
From:
Latin Trade
| Date:
March 1, 2005| Author:
Kepp, Michael
| COPYRIGHT 2005 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Why pick Brazil over the Caribbean for a resort vacation? Some resort developers feel they have the answers, judging by the money they're spending. That's especially true in and around Bahia state, in the northeast, where investors have recently pumped almost half a billion U.S. dollars into new projects.
Previ, a pension fund for employees at state-owned Banco do Brasil, the country's largest bank, got involved early in the sector. In 2000, Previ and partner Odebrecht, ...
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