Published on : Wednesday, February 8, 2017
Brazil’s Carnival will be a boon to tourism sector as is expected to bring in around 5.8 billion reais (US$1.86 billion) to tourism revenue, as per a National Commerce Confederation (CNC) report. Food and beverage services in bar and restaurants are projected to bring in around 57 percent of the income, followed by hotels and transportation.
However, the total volume of income expected from the Carnival in 2017, is 5.7 percent lower than last year and the worst prediction in the past three years.
The Carnival in 2017 will last from Feb. 24 to March 1.
Rio de Janeiro, host of the largest carnival, will receive the largest boost to its income, estimated at 2.4 billion reais (US$770 million), followed by Sao Paulo, with 1.5 billion reais (US$480 million).
The two states will claim 68 percent of the tourism revenue during the Carnival celebrations, with large parades also being staged in the southern state of Minas Gerais and the northeastern states of Bahia, Ceara and Pernambuco, the report showed.