Brazil’s corporate travel agencies invoice 62% less than before pandemic – ABRACORP

RIO DE JANEIRO, BRAZIL – In the domestic air segment, the August R$197 (US$37) million revenue is still 53.47% below the same month in 2019. In hotels, the drop stands at 39.96%, to R$123 million.

The highlight is in car rental, the modal that suffered the least during the pandemic. If compared to 2019, domestic sales were 6.8% higher in August 2021, reaching R$14 million according to the Brazilian Association of Corporate Travel Agencies (ABRACORP).

“What we perceive is that corporate travel is recovering slowly, still reflecting the insecure environment that companies experience,” says in a statement ABRACORP’s executive president Gervásio Tanabe.

“But thanks to vaccination and the resulting control of infection, we are starting to see that some multinationals are showing an upturn. This leads us to believe that for the last quarter of 2021, we may see a much more solid recovery,” he adds.