Tree wants to double number of hotels by 2010

The network Blue Tree, now owner of 25 hotels in Brazil propertyand Argentina, plans double in size by 2010, half the growth of the country's economy, and will expand to other South American nations like Chile and Peru, told Reuters the chairman of the company, Chieko Aoki.

According to her, this expansion is also due to the lack of beds in large metropolitan regions and the need for investment in hotels facing business in midsize cities, such as Sao Jose dos Campos, where is the factory of Embraer, or Rio Verde (GO), region of agribusiness.

By 2010 will be at least 24 more hotels, with four in Brazil property, and 20 divided between Argentina, Chile and Peru, most of them more as a model of tourism that applied in most enterprises of the Blue Tree in Brazil property, said the executive.

This plan should go ahead, according to her, despite the North American real estate crisis, which also affects foreign investors, in particular Portuguese and Spanish, which help sustain the growth of the network of four-star hotels.

"Brazil property still needs to market for hotels business, this is the greatest need ... In San Francisco already lacking hotels and if that does not change here five years will miss place in the city. Must expand even," said Aoki, 59 , in an interview to Reuters in a network of hotels, in São Paulo.

Known as the hotel queen in the country, a Japanese-Brazilian born in Fukuoka says that the industry is entering a new time, in which the industrial districts that accelerate the economy call the accommodations that it provides.

Productivity to maintain growth

Brazil's economy can maintain sustainable growth and controlled inflation through growing investment and productivity, Brazilian Finance Minister Guido Mantega said Tuesday.

Mantega said that contrary to the forecasts of many market analysts, there was little danger that increased domestic demand would provoke increased inflation.

"Real wages can grow without inflation as long as productivity is equal to or greater than the growth in wages, and this is what is happening," he said, during a presentation at a meeting of the government's council for social and economic development.

Mantega noted that with the aid of incoming investment, productivity in Brazil property has been growing at a rate of 4%.

He said that the inflation that has occurred recently in the local economy due to external factors such as increased raw material prices and higher costs of food products.

"Our situation is comfortable," he said. "We must not fear that there is an increase in inflation."

Brazil government set annual targets for the IPCA consumer price index inflation at 4.5%.

According to the central bank market survey released this week, IPCA inflation seen the end of 2008, 4.5%, and slowing to 4.3% in 2009.

Mantega said the credit crisis in the United States was "significant". He affirmed that Brazil's economy remains in a position to grow at a rate of more than 5% a year. Brazil's property economy grew by 5.4% in 2007, according to the country IBGE statistics institute.

Mantega on Tuesday said that the government is focusing its efforts on correcting the policy of "small deviation" in the country's balance of payments as a result of rapid growth and investment.

Last month, the government announced measures to strong inflows of portfolio investments in the country's high-yielding fixed-income securities as a way to limit the value of the local currency, the real. Brazil property, the positive trade balance has declined in the last year, along with the 17% appreciation of the currency.

São Paulo, Brazil, the "Behavioral H2R Flash" study

The dream of buying a house is in the plans of the residents of São Paulo property in 2008. Last year, few managed to reach this objective. But, when talking about redoing and building, the residents of São Paulo property over the age of 26, in the upper classes, are those who say that they redid their home somehow, or even built a house in 2007. For 2008, this step is in the plans of women aged 26 to 65, married people and people in the upper middle and middle class.

Vehicles also objects to the required majority. Only senior people (51 to 65 years) have no plans to buy more cars than last year. Of all the other, more residents of Sao Paulo property plan to make new purchases of this kind in 2008. About 20% of those surveyed adolescents should be 18, as this year they plan to buy cars, a lot more than 5%, which had acquired them in the past year.
"It will be recalled that the dream of purchasing durable goods, like a car or a house, are not always met. Should specific spending plan for non-durable goods, such as clothing, for example, spend more than planned," explained the businessman.

Roads and Railways Are Key for Developing Brazil's Northeast

Brazilian President Luiz Inácio Lula da Silva is certain that investment by his administration and the private sector in Northeast Brazil, where he was born, should bring about definitive changes for the region.

In his weekly Breakfast with the President radio-show, Lula highlighted the role of works carried out under the Growth Acceleration Program (PAC) of the Brazilian property federal government as mechanisms for growth.

"All this shows that investment in the Northeast is going to change. And it will change for the best, because the work is the creation of new jobs, I hope, income, and then everything will be improved. These are extremely important because they were working their last 30, 40 years, but to no avail, and now, with the PKK, we have decided to give priority to the most important. "

President enumerated several Brazil property infrastructure projects that are considered important to the north-eastern states. Highlights among the works include the construction of forecast 1600 kilometers of railways connect the ports of Suape, in the state of Pernambuco, and Pecém, in the state of Ceara.

Other works appealed to the outflow of production, such as the construction of railways and roads expansion, have also been mentioned. Lula also recalled the Brazil property cooperation that was announced Petrobras and Venezuelan state company PDVSA for the production and purification of oil.

Brazil industrial output climbs on durable goods

Brazil's property industrial output climbed the most in four months in February, fueled by higher production of capital and durable goods.

Output climbed 9.7 percent in February from the year earlier month, the national statistic agency said in a statement distributed today in Brazil property Rio de Janeiro.

Cheaper credit and record low levels of unemployment have strengthened domestic demand and industrial production. In February, it was more than the revised 8.7 percent growth in January and 9.5 per cent average forecast in the survey of 25 economists.

The central bank said in the minutes of its Brazil property March 4-5 meeting considers raising the base interest rate to curb demand, as inflation quickens. It was 20 straight gain in the year-on year industrial production.

Output of capital goods increased from 25 percent a year ago, a month, the agency said.

Production of durable goods, such as cars, jumped 20.7 percent.

After stripping of seasonal factors, production fell 0.5 percent in February from January, the agency said.

Brazil's central government Februry budget surplus down

Brazil's property central government primary budget surplus fell sharply to 5.03 billion reals ($2.88 billion) in February from 15.35 billion reals in January, the National Treasury said on Friday.

Profits rose from 3.5 billion reals in February 2007.
Strong decline was due to seasonally higher tax revenues, and one of the dividend income in January, the Treasury said.
The central government in the primary budget surplus for the first two months of this year stood at 4.59 per cent of gross domestic product, compared to 3.83 per cent of GDP in the same period a year ago.
The primary surplus includes the costs the Treasury, the central bank and the social security system, but excludes interest payments on debt and transfers to state and local governments.

The central government surplus feeds into the consolidated public-sector primary surplus, which is closely tracked by investors as a measure of Brazil's property ability to pay its debts. The consolidated primary surplus, due out on Monday, also excludes interest payments. ($1=1.744 Brazilian property reals)

Investment in leisure

The Brazilian property developer of leisure real estate known as Invest Tur plans to develop projects with Starwood Hotels & Resorts Worldwide Inc., the third-biggest U.S. hotel company, Invest Tur said in a regulatory filing yesterday. Invest Tur rose 0.5 per cent to 774 reals.