Hotel and property rental prices in Belém have fallen by up to 60% or more in the final stretch before the COP30, starting November 10. The drop reflects lower-than-expected demand, with thousands of options available. Industry associations note it's now the time for last-minute bookings.
The COP30, the UN climate conference in Belém, is about to begin, but accommodation prices have plummeted. According to the Abih-PA (Brazilian Association of the Hotel Industry of Pará), affiliated hotels have 96% occupancy for the period, with reductions of 30% in central areas and up to 50% in farther locations. "With the proximity of the event, there's a phenomenon that happens in all major world fairs. Hotels that couldn't make reservations at the desired value started making reductions," says Tony Santiago, president of Abih-PA.
In the real estate market, the situation is even more pronounced. Maria Luísa Carneiro, president of Creci-PA (Council of Real Estate Brokers of Pará), reports that prices have fallen by more than 60%, with over 5,000 properties available on the official conference lodging platform. "There's a large quantity of properties being offered for COP30 and demand has decreased considerably," she assesses. The Airbnb platform recorded a 40% drop in the average price of accommodations for the period, compared to February 2025.
Brokers like Giselle Robledo, who serves 14 embassies, cut prices by 50%, from R$10,000 to R$5,000 per night, without success in rentals. She estimates embassies reduced participants by 30% and notes over 5,000 properties on the official platform, versus fewer than ten on the eve of the previous COP. Joaquim Mendes of Marlene Felippe Real Estate describes the change as "adjustment to tangible and real values," after initial exaggerated expectations.
Examples illustrate the scenario: a civil engineer lowered from R$5,000 to R$3,200 daily for her apartment in the Batista Campos neighborhood and now considers an NGO offer of US$4,500 for 15 days. Businesswoman Andrelina Lima renovated a chácara in Benevides and cut from R$280,000 to R$92,000 for 15 days, closing with an environmental organization for 40 people. Both invested in renovations, seeing post-event potential.