RIO DE JANEIRO, BRAZIL - Tourism revenues in Brazil in May reached R$9.6 (US$1.8) billion, up 47.5% over the same month in 2020, as shown in a survey by the Federation of Commerce of Goods, Services and Tourism of the State of São Paulo (FecomercioSP).
Despite the sharp rise, the sector accumulates a 9.8% contraction in the year-to-date, representing a R$5.1 billion (US$971 million) revenue slump.
Comparing May this year with the same month in 2019 - before the pandemic - the drop in revenue in the sector, considering inflation, stands . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here