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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A study conducted by the National Confederation of Trade, Services and Tourism (CNC) shows that the Olympics and Paralympic Games, scheduled to be held in Rio de Janeiro starting next month should generate revenues of R$2.68 billion to the state’s tourism sector.

"This at a time when the tourism and all economic activities are experiencing declines in revenues," economist CNC Fabio Bentes was quoted by Agencia Brasil as saying. According to Bentes, forecasts call for 1.4 million Subscribe to our Premium Membership Plan. Already Subscribed?