STR: Rio hotels see larger Olympics boost than London and Beijing

Rio de Janeiro’s hotel industry saw a substantially larger impact as host of the 2016 Summer Olympics than London in 2012 and Beijing in 2008, according to data from STR. During the month of August, Rio de Janeiro hotels posted a 199.2% surge in average daily rate (ADR) to BRL1,250.26. That rate spike, coupled with […]

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2004

To Avoid Another Rio, Make Greece the Olympics’ Permanent Home

In 2009, the International Olympic Committee (IOC) picked Rio de Janeiro as the site of the 2016 summer Olympics. “There was absolutely no flaw in the bid,” the IOC’s president, Jacques Rogge, said of Brazil’s proposal. The choice, however, has turned out to be anything but flawless. Brazil is suffering its worst recession in decades, […]

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Rio 2016 Olympic flame is lit at temple of Hera in Greece

Torch ignited in ceremony at site of ancient Games, with Brazilian organisers set to receive flame in Athens handover. The official countdown to this year’s Rio de Janeiro Olympics has begun with the lighting of the torch at the site of the ancient Games, which organisers hoped would shift attention away from Brazil’s political and […]

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