Brazil. Latin America's fastest-growing travel and tourism economy.

Brazil is the largest country in South America

and is Latin America's fastest-growing travel and tourism economy.

For tourists, particularly domestic travelers,

the region is becoming one of the hottest destinations.

Brazil primarily attracts domestic tourists, owing to the
 resurgence of the middle class.

Moreover, with major events like FIFA World Cup in 2014

 and Olympics in 2016 coming up,
 the Brazilian government has turned its focus to

improving the infrastructure of the country as demand

for hotel rooms will shoot up and the events

will significantly increase tourism in the country.

According to Jones Lang LaSalle, hotel investment in Brazil

will be around $2.4 billion by 2014.

The real estate consulting company predicts that a large number

 of hotels will be constructed in the country to cash in

 on the FIFA World Cup scheduled in 2014 and the Olympics in 2016.

 Business Monetary International forecasts 21.5% growth

 in tourist arrivals in Brazil through 2015,

totaling over 6.73 million tourists.

By: Zacks Equity Research

May 01, 2012 

 Follow @BrazilbyLocals .