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RIO DE JANEIRO, BRAZIL - The crisis triggered by the covid-19 pandemic resulted in a R$261 (US$48) billion loss in revenues for the tourism sector in 2020, according to estimates by the National Confederation of Trade of Goods, Services and Tourism (CNC).

Including January, losses add up to R$274 billion in 11 months, from March 2020 onwards. Amid the crisis, the sector closed 397,100 formal jobs last year, also according to the CNC study.

The calculations are based on the Monthly Service Survey (PMS), whose December data was released on Thursday, 11th, by the Brazilian Institute . . .

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