Businesses in Rio Experience Slower Carnival in 2014

By Michela DellaMonica, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Known internationally as the cultural expression of the Brazilian people, the Carnival of Rio de Janeiro also became a major source of business for the city. The period between the New Year celebrations and Carnival is considered the high season that local businesses count on, but this year appears to be slower than normal.

Rio's Carnival in 2014 is expected to bring in around US$950 million according to data from Riotur (Rio's state tourism department) and the Department of Economic Development of the State of Rio de Janeiro . . .

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