FecomercioSP: Brazilian Tourism Totals R$41.6 Billion in Losses in Pandemic

According to FecomercioSP, the most concerning aspect is that, unlike sectors that have been rebounding since the start of the second semester this year, tourism is still showing no signs of a recovery.

SÃO PAULO, BRAZIL - Brazilian tourism lost R$41.6 (US$7.6) billion between the months of March and September 2020, the period of the Covid-19 pandemic in the country. The figure represents a 44 percent drop in revenues compared to the same period last year, according to a survey by the Federation of Goods, Services and Tourism of the State of São Paulo (FecomercioSP). The downturn is mainly driven by the air transport sector.

In September, tourism posted its worst result for the month since official records began in 2011 with a turnover of R$8 . . .

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