IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.19% USD/MXN17.40▼ 0.16% USD/CLP932.43▼ 0.22% USD/COP3,235▼ 1.03% USD/PEN3.39▲ 0.11% USD/ARS1,479▼ 0.20% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.05% BRENT 91.58 ▲ 2.65% WTI 84.70 ▲ 1.77% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.73% GOLD 4,073 ▲ 1.57% SILVER 59.26 ▲ 4.33% SOY 1,220 ▼ 0.47% CORN 473.00 ▲ 5.23% WHEAT 669.25 ▼ 0.70% COFFEE 325.95 ▼ 2.53% SUGAR 14.85 ▲ 0.20% ORANGE JUICE 148.00 ▲ 0.41% COTTON 79.51 ▲ 2.77% COCOA 5,657 ▲ 2.48% BEEF 222.30 ▼ 1.87% CATTLE 343.63 ▼ 2.38% LITHIUM 69.01 ▲ 3.12% PETR4 41.44 ▲ 0.70% VALE3 71.94 ▲ 0.01% ITUB4 42.29 ▼ 0.02% BBDC4 18.41 — 0.00% ABEV3 15.80 ▲ 0.06% BBAS3 20.21 ▲ 0.20% B3SA3 15.01 ▼ 1.64% WEGE3 42.77 ▼ 0.83% PRIO3 58.68 ▲ 1.72% SUZB3 41.78 ▼ 0.26% RENT3 36.75 ▼ 1.97% AZZA3 17.64 ▼ 2.92% CSAN3 3.73 ▼ 2.36% RAIZ4 0.27 — 0.00% PCAR3 2.69 ▲ 3.46% GMAT3 3.82 ▼ 0.78% PSSA3 53.20 ▼ 1.85% CVCB3 1.15 ▲ 6.48% POSI3 3.74 ▲ 1.08% SLCE3 13.72 ▲ 1.11% NATU3 8.66 ▲ 0.35% BRKM5 5.98 ▲ 0.67% RANI3 7.88 ▼ 1.38% CSNA3 5.13 ▲ 1.18% CMIN3 5.51 ▲ 2.23% USIM5 8.31 ▲ 1.84% GGBR4 23.62 — 0.00% ENEV3 25.16 ▼ 1.91% CPFE3 46.20 ▼ 0.26% CMIG4 10.95 ▼ 0.64% EQTL3 38.54 ▼ 1.91% LREN3 13.16 ▼ 1.13% VIVT3 35.45 ▼ 0.62% RAIL3 13.37 ▼ 1.47% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.49 ▼ 1.07% RDOR3 33.87 ▼ 4.46% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.39 ▼ 0.13% UGPA3 31.32 ▼ 1.20% VBBR3 33.15 ▼ 2.81% BBSE3 41.15 ▲ 0.24% BPAC11 55.47 ▼ 0.66% CURY3 29.76 ▼ 1.42% AERI3 2.02 ▼ 2.42% VIVARA 21.51 ▼ 2.05% COMPASS 24.32 ▼ 1.14% VAMOS 3.11 ▲ 0.65% SANB11 27.48 ▲ 1.74% ASAI3 8.14 — 0.00% SBSP3 28.36 ▼ 2.14% WALMEX 49.28 ▼ 0.20% GMEXICO 204.69 ▲ 1.92% FEMSA 226.84 ▼ 0.06% CEMEX 22.04 ▲ 0.73% GFNORTE 182.78 ▲ 1.54% BIMBO 59.06 ▼ 0.74% TELEVISA 9.64 ▼ 0.72% AMX 22.79 ▲ 0.22% GAP 376.53 ▼ 0.44% ASUR 271.26 ▼ 1.13% OMA 225.43 ▼ 0.45% KOF 180.71 ▼ 0.06% GRUMA 287.89 ▲ 0.10% KIMBER 38.06 ▼ 0.86% SQM-B 63,600 ▲ 0.76% COPEC 6,364 ▲ 2.65% BSANTANDER 78.53 ▲ 3.21% FALABELLA 5,849 ▼ 0.44% ENELAM 84.31 ▲ 0.24% CENCOSUD 2,004 ▲ 0.46% CMPC 1,080 ▲ 1.31% BANCO CHILE 190.35 ▲ 2.07% LATAM AIR 24.40 ▼ 0.04% YPF 80,625 ▲ 1.80% GGAL 7,935 ▲ 1.15% PAMPA 5,480 ▲ 3.98% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,645 ▲ 1.53% CEPU 2,337 ▲ 2.10% MIRGOR 16,600 ▼ 3.07% COME 43.16 ▲ 0.49% LOMA NEGRA 3,625 ▲ 1.47% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 81.91 ▲ 1.35% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 393.18 ▲ 1.64% SOUTHERN COPPER 182.67 ▲ 4.34% BUENAVENTURA 30.83 ▲ 2.56% MERCADOLIBRE 1,806 ▼ 1.47% NUBANK 14.16 ▲ 1.18% XP 16.52 ▼ 1.67% PAGSEGURO 9.28 ▼ 0.11% STONE 10.93 ▼ 1.75% GLOBANT 32.48 ▲ 0.57% TECNOGLASS 45.85 ▼ 0.56% GAP AIRPORT 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— 0.00% PCAR3 2.69 ▲ 3.46% GMAT3 3.82 ▼ 0.78% PSSA3 53.20 ▼ 1.85% CVCB3 1.15 ▲ 6.48% POSI3 3.74 ▲ 1.08% SLCE3 13.72 ▲ 1.11% NATU3 8.66 ▲ 0.35% BRKM5 5.98 ▲ 0.67% RANI3 7.88 ▼ 1.38% CSNA3 5.13 ▲ 1.18% CMIN3 5.51 ▲ 2.23% USIM5 8.31 ▲ 1.84% GGBR4 23.62 — 0.00% ENEV3 25.16 ▼ 1.91% CPFE3 46.20 ▼ 0.26% CMIG4 10.95 ▼ 0.64% EQTL3 38.54 ▼ 1.91% LREN3 13.16 ▼ 1.13% VIVT3 35.45 ▼ 0.62% RAIL3 13.37 ▼ 1.47% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.49 ▼ 1.07% RDOR3 33.87 ▼ 4.46% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.39 ▼ 0.13% UGPA3 31.32 ▼ 1.20% VBBR3 33.15 ▼ 2.81% BBSE3 41.15 ▲ 0.24% BPAC11 55.47 ▼ 0.66% CURY3 29.76 ▼ 1.42% AERI3 2.02 ▼ 2.42% VIVARA 21.51 ▼ 2.05% COMPASS 24.32 ▼ 1.14% VAMOS 3.11 ▲ 0.65% SANB11 27.48 ▲ 1.74% ASAI3 8.14 — 0.00% SBSP3 28.36 ▼ 2.14% WALMEX 49.28 ▼ 0.20% GMEXICO 204.69 ▲ 1.92% FEMSA 226.84 ▼ 0.06% CEMEX 22.04 ▲ 0.73% GFNORTE 182.78 ▲ 1.54% BIMBO 59.06 ▼ 0.74% TELEVISA 9.64 ▼ 0.72% AMX 22.79 ▲ 0.22% GAP 376.53 ▼ 0.44% ASUR 271.26 ▼ 1.13% OMA 225.43 ▼ 0.45% KOF 180.71 ▼ 0.06% GRUMA 287.89 ▲ 0.10% KIMBER 38.06 ▼ 0.86% SQM-B 63,600 ▲ 0.76% COPEC 6,364 ▲ 2.65% BSANTANDER 78.53 ▲ 3.21% FALABELLA 5,849 ▼ 0.44% ENELAM 84.31 ▲ 0.24% CENCOSUD 2,004 ▲ 0.46% CMPC 1,080 ▲ 1.31% BANCO CHILE 190.35 ▲ 2.07% LATAM AIR 24.40 ▼ 0.04% YPF 80,625 ▲ 1.80% GGAL 7,935 ▲ 1.15% PAMPA 5,480 ▲ 3.98% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,645 ▲ 1.53% CEPU 2,337 ▲ 2.10% MIRGOR 16,600 ▼ 3.07% COME 43.16 ▲ 0.49% LOMA NEGRA 3,625 ▲ 1.47% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.46 ▲ 2.65% BANCOLOMBIA 81.91 ▲ 1.35% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 393.18 ▲ 1.64% SOUTHERN COPPER 182.67 ▲ 4.34% BUENAVENTURA 30.83 ▲ 2.56% MERCADOLIBRE 1,806 ▼ 1.47% NUBANK 14.16 ▲ 1.18% XP 16.52 ▼ 1.67% PAGSEGURO 9.28 ▼ 0.11% STONE 10.93 ▼ 1.75% GLOBANT 32.48 ▲ 0.57% TECNOGLASS 45.85 ▼ 0.56% GAP AIRPORT 216.50 ▼ 0.29% ASUR 271.26 ▼ 1.13% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.16 ▲ 0.23% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.37 ▲ 0.96% VALE 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Brazil Ranked 11th in the World for International Meetings

By · May 20, 2016 · 3 min read

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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Despite the political turmoil, a weak economy, and a worrying health epidemic, Brazil finished 2015 as the 11th most popular destination in the world for international meetings and conventions. 2015 was a record year of growth for this market, one that more and more countries are focusing on given its potential to generate jobs and income.

Brazil, Brazil news, Rio de Janeiro
The new Riocentro Convention Center in Barra da Tijuca highlights importance of convention market, photo by Tomaz Silva/Agência Brasil.
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According to Brazil’s Ministry of Tourism, the International Congress and Convention Association (ICCA), a non-profit organization headquartered in the Netherlands, just released the results of its yearly survey this past week showing that in 2015, the international meetings and conventions segment hit a record high in 2015 with 12,076 such events taking place around the world, 571 more than in 2014.

The ICCA survey showed that Brazil hosted 2.4 percent, or approximately 292 such events in the world last year. Though this is one more than in 2014, for 2015, Brazil fell out of the top ten, dropping one position from the previous year, going from the 10th to the 11th position.

Since the start of the survey in 2003, Brazil has seen remarkable growth in this area as the number of international meetings and conferences held in the country has more than quadrupled, from 62 to the current 292.

According to the Ministry of Tourism, business events and conventions represent 21.9 percent of the foreign tourists visiting Brazil. Importantly, the average expenditure per person from this segment is US$103.06 per day, which is 18.5 percent more than the average per day expenditure from people visiting Brazil for leisure.

“I believe that tourism will be one of the levers of recovery for the Brazilian economy,” said Minister of Tourism, Henrique Eduardo Alves, “the business sector is crucial for the country to reduce the effect of seasonality and increase earnings in the travel industry.” Secretary Alves added, “The country needs to invest in event attractions to generate employment and income for the population, this is one of our greatest challenges.”

Brazil, Brazil News, Rio de Janeiro
Brazil conventions and meetings have quadrupled since 2003, photo courtesy of Brazil Ministry of Tourism.

To be counted in the ICCA rankings, the meeting or event must follow certain criteria: they must be organized by a group or association, be held on a regular basis, have at least fifty delegates, and rotate between at least three countries.

In the survey, the ICCA explained that although the rankings provide pertinent data on the relative performance of a country, a complete diagnosis can only be made after a thorough analysis of all the data relating to events that occur in a destination.

“It’s always risky to draw conclusions from a single year of information, but it seems that the competition is getting harder for the traditional market leaders, as there is rapid growth beyond the top ten,” said the ICCA President, Martin Sirk.

According to Sirk, the figures also showed a trend where many of the major destinations are beginning to create their own international events, rather than seeking traditional events organized by associations.

The top country for international meetings and conferences in 2015 was the U.S., which had also taken the top spot in 2014, with 925 events last year. Rounding out the top five were Germany, the United Kingdom, Spain and France.

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