Brazil is preparing to host the World Cup in 2014 and then the Olympics in 2016. The hotel prices have already gone through the roof in the past few years due to strong economic growth.
Now, the Brazilian tourism board has warned that the prices for those attending to the Wold Cup in June and July next year may face hotel prices that are six fold higher than usually. You can read more about this on Bloomberg’s article here.
The hotel prices in Rio de Janeiro are close to $500 per night. The biggest surge in hotel prices is reported to be in Salvador da Bahia in the North Eastern Brazil.
These crazy hotel prices have deterred me of visiting the country as often as I used to. It is not uncommon hotel hotels such as Renaissance and Grand Hyatt in Sao Paulo to charge rates of $500 or higher (use points).