IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.58▼ 0.12% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▼ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.47▲ 0.03% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.11% BRENT 95.57 ▲ 3.03% WTI 88.44 ▲ 2.21% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.11% GOLD 3,889 ▼ 2.79% SILVER 50.01 ▼ 3.62% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.06% USD/MXN 18.58 ▼ 0.09% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 909.35 ▲ 0.67% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.11% BRENT 95.57 ▲ 3.03% WTI 88.44 ▲ 2.21% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.11% GOLD 3,889 ▼ 2.79% SILVER 50.01 ▼ 3.62% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Brazil Business - Brazil

Extended Carnaval 2020 Expected to Gather Close to Seven Million People in Rio

By · · 3 min read

RIO DE JANEIRO, BRAZIL – The figures for Carnival 2020 reflect the extent and impact of the festival in Rio de Janeiro: around seven million people are expected, with 1.9 million tourists for the period.

Parade of the Samba Schools during the Carnaval of Rio de Janeiro.
Parade of the Samba Schools during the Carnaval of Rio de Janeiro.
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

In a survey released by the National Confederation of Trade in Goods, Services, and Tourism (CNC), tourism activities related to the festival this year are expected to reach their highest level since 2015.

Among the states, Rio de Janeiro leads the economic turnover, with approximately R$2.68 billion (US$670 million), outperforming São Paulo (R$1.94 billion) and Bahia (R$1.36 billion). In all, Brazil is expected to generate revenues of approximately R$8 billion from the festival, a real increase of one percent over last year.

Aiming to establish Rio de Janeiro as the Brazilian capital of entertainment and leisure, with events such as Carnaval, the Government of Rio de Janeiro created the Under-Secretariat for Major Events, linked to the Secretariat of the State House.

Marcel Balassiano, an FGV economist, recalls that Rio de Janeiro is characterized by the “pre-Carnaval” period in the city, which is as busy as during the festival itself.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Colombia's president announces a new cartel airstrike”

“Of the three major events taking place in Rio de Janeiro, Carnaval has a greater impact than New Year’s Eve and Rock in Rio because of the number of days. If we consider the period that we refer to as “pre-carnaval”, it increases even further the activity of the production chain, which ranges from public transport to samba school rehearsals in the street blocks and on the streets, as well as the carnaval block parades. This year’s numbers are expected to exceed the previous year when the impact in tax revenue was R$79 million,” said the economist.

Botafogo is one of the most sought after neighborhoods by tourists.
Botafogo is one of the most sought-after neighborhoods by tourists.

Occupation projected at 98 percent

Visitors to Rio will be able to enjoy Carnaval at 441 block parades until March 1st, when the festival officially ends in the city (see Rio’s full schedule for 2020 blocks). Data from the Rio de Janeiro’s Accommodation Union (Hotéis Rio) show that the average occupation of Rio’s hotels is around 82.5 percent. In 2019, the survey reported 78 percent, which represents an increase of 4.5 percentage points in confirmed bookings.

Flamengo and Botafogo are the most sought-after neighborhoods, with 89 percent of the rooms taken; followed by Barra da Tijuca/ São Conrado with 84 percent; Downtown with 83 percent; Leme/ Copacabana, 78 percent; and Ipanema/ Leblon, with 80 percent occupation.

Still, according to the survey, most tourists from Brazilian states come from São Paulo, followed by Minas Gerais, Espírito Santo, and the Federal District. In terms of foreigners, Argentinians lead the list, followed by Americans, Italians, and French.

“It is the major event in Rio de Janeiro and, as a result, the largest occupation, turnover, and number of foreign tourists in the city. We should reach 98 percent hotel capacity during the period,” projected Alfredo Lopes, president of SindHotéis Rio.

Temporary jobs

To meet the seasonal increase in demand, CNC estimates the hiring of 25,400 temporary workers between January and February this year in the country – 2.8 percent more than during the 2019 Carnival (24,700). With approximately 18,200 job openings, the catering services segment is expected to provide around 71 percent of the job opportunities.

Once the estimate is confirmed, the job openings offered by the activities that make up the survey would reach, in 2020, the largest contingent of temporary workers since 2014 (55.6 thousand jobs).

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Living in or visiting Rio de Janeiro? See this month's events and our Rio de Janeiro city guide with rents, safety and upcoming concerts.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.