By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Tourism in the state of Rio de Janeiro lost R$320 million in revenues in the first four months of 2017, according to data compiled by the National Confederation of Goods, Services and Tourism (CNC). The amount is equivalent to 42 percent of total sector revenue loss registered between January and April in Brazil.
Though the analysis also takes into account other factors that led to the sector’s decline in gross revenues, such as unemployment, increased expenses for Brazilians traveling abroad, credit shortages and a high comparative base with . . .