RIO DE JANEIRO, BRAZIL - The New Year's Eve celebrations in the cities of Rio de Janeiro, São Paulo, Salvador and Fortaleza, four of the country's main tourist destinations, is expected to yield approximately R$5.6 (US$1.4) billion.
The data is from the Ministry of Tourism, based on a survey on hotel occupancy rates for the end-of-year celebration prepared by the Brazilian Association of Hotel Industry (ABIH) and released on Friday, December 27th.
According to the association, estimates point to occupancy rates at around 90 percent, with an expectation of 100 percent, in . . .