Brazil’s tourism sector up 47.5% in May, despite US$971 million drop in the year
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 at 31.2%, down R$4.3 billion.
In May, only water transportation surpassed pre-pandemic levels, with a 20% rise in revenue compared to the same month in 2019. FecomercioSP analyzed 6 activity groups.
On the other hand, air transport remains the most affected, with a loss of 50.5% in revenue compared to May 2019. The drop in passenger demand reached 43% over the same period.
The catering and accommodation sectors invoiced R$2.8 billion, 33.5% less than the figure posted for the same month in 2019. The slump is close to that of cultural, recreational, and sporting activities, down 33.8%.
The group comprising vehicle activities, tour agencies and operators and other services in the area posted a 13.2% decrease in revenue in May compared to the same period in 2019. The land transportation sector posted a 6.6% drop.
“Although the scenario is challenging, with a long way to recover pre-pandemic levels, the Federation believes that initiatives such as the easing of restrictions, increased offers of touristic services and the acceleration of vaccination nationwide are key to a gradual and more consistent improvement in the sector henceforth,” FecomercioSP said in a statement.
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+0.54%
205,430.33
+0.54%
68,420.16
+1.12%
10,969.16
-0.02%
2,848,945
-0.35%
2,566.28
-0.55%
60,210.69
-0.91%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 205,430.33 | +0.54% | +21.85% | 204,324.26 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief