Brazil’s tourism sector grows by almost 8 per cent

Wednesday, March 20, 2024

Brazilian tourism grew by 7.8 per cent last year, with a turnover of around R$189.4 billion (US$37,6 billion), according to the Federation of Trade in Goods, Services and Tourism of the State of São Paulo (FecomercioSP).

According to the organisation, this figure shows the recovery of a sector that was one of the hardest hit by the new coronavirus pandemic.

In terms of annual figures, the positive result was mainly due to activities such as vehicle rentals, which grew by 18.3 per cent during the period. This is reported by Brasil 247, a partner of TV BRICS.

The December result was driven by the accommodation segment, which grew by 15.7 per cent, as well as by air transport turnover (4.4 per cent).

The motor vehicles sector also improved its performance (10.8 per cent), consolidating the positive trend of the year, as did the catering segment – restaurants and bars (8 per cent).

The study is based on information from the Annual Survey of Services, using data updated to reflect changes from the Monthly Survey of Services, both prepared by the Brazilian Institute of Geography and Statistics (IBGE).

The figures are monthly adjusted by the broad Consumer Price Index (IPCA) and activities fully or partially related to tourism were selected.

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