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Brazil’s tour operators lose two-thirds of revenue in 2020

RIO DE JANEIRO, BRAZIL - Tour operators lost two-thirds of their revenue in 2020, according to the industry yearbook released yesterday, April 20th, by the Brazilian Association of Tour Operators (BRAZTOA). According to the survey, the companies' revenue fell from R$15.1 (US$2.71) billion in 2019 to R$4 billion last year.

The number of passengers carried fell by half, from 6.5 million in the previous year to 3.3 million in 2020. Most sales (77%) were concentrated in travel within Brazil . . .

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