May 17, 2012 08:00 AM
BBC News
Brazil hotels set to cut rates for June's Rio+20 summit
Rio de Janeiro hotel owners have agreed to cut prices during a major UN summit next month, amid fears that spiralling costs were putting off visitors.
The Brazilian government said room rates should now be at least 25% lower. Some 50,000 visitors are expected in Rio for the UN sustainable development conference, taking place 20 years after the first Earth Summit was held there.
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