Brazil’s Impressive Hotel Magnate Guilherme Paulus

Guilherme Paulus is the latest Brazilian billionaire in Forbes’ list. In 1972, at only 24 years of age, he cofounded CVC Brasil Operadora e Agencia de Viagens S. A., a Brazil-based tour operator. His partner was a Brazilian politician who withdrew four years later.

Nonetheless, Guilherme Paulus steered CVC to greater success. Today, CVC is one of Latin America’s largest tour operators processing over 2.5 million passengers annually, has 8,000 travel agents, and 700 agency offices. Paulus’ innovative bend spurred the impressive growth of CVC. For instance, he pioneered the chartering of international flights while parceling out the prices of airfares. Prior to the 2014 World Cup, GJP actively bid to build and maintain hotels close to Brazil’s airports. Read this article by Guilherme Paulus at Forbes.

In 2009, Guilherme Paulus sold 63.6% of his shares to the Carlyle Group. Besides the CVC, he founded GJP Hotels & Resorts in 2005. At that time each of these holdings had unique names, meaning they had not been incorporated as a group. However, restructuring turned the GJP Hotels & Resorts into the GJP Network Group. This resulted in the creation of three signature flagships: the Wish for its five-star hotels, Prodigy for its four-star hotels, and Linx for the group’s budget rate hotels.

His tour operating company provides services such as resorts, ship cruises, and airline travel. Other services include organizing, planning, and resource allocation. Though most of its clients are found in Brazil, the company posts impressive growth returns and revenues. In its 2017 quarterly report, GJP Hotels & Resorts posted revenue of $385 million and a net income of $81.5 million an increase of 21.17% over 2016. What’s more, it had total annual revenues of $1,185.1 billion and a net income of $223.9 million. This equates to a profit of 18.89%.

Guilherme Paulus began his career as an intern with IBM before the age of 20. Consequently, his activities with CVC helped Paulus join the Forbes list of Brazilian billionaires. In addition, Brazil’s president appointed Guilherme Paulus as a member of the country’s tourism board. Also, his company is affiliated to two boards namely Marilia Artimonte Rocca and Luis Eduardo Falco Pires Correa. Learn more: https://www.forbes.com/profile/guilherme-paulus/