RIO DE JANEIRO, BRAZIL - According to the National Confederation of Trade of Goods, Services, and Tourism (CNC), the sector was operating at about 48% of its monthly revenue capacity at the end of May this year.
"The recovery has proven to be much more complex for tourism than for other activities," said economist Fabio Bentes, who is responsible for the CNC study.
More than half (52%) of the losses incurred so far in the sector (R$355 billion) are concentrated in the states of São Paulo (R$142.6 billion) and Rio de Janeiro (R$43.4 billion).
The . . .