Brazil tourism totals US$80 billion loss in pandemic; 21.9% growth expected in 2021

More than half of the losses accumulated in the pandemic through October this year in the sector occurred in the states of São Paulo and Rio de Janeiro.

RIO DE JANEIRO, BRAZIL - Tourism activities have accumulated a R$453 (US$80) billion loss since the worsening of the novel coronavirus pandemic in the country, in March 2020, through October this year, according to the National Confederation of Goods Trade, Services and Tourism (CNC).

However, the trend is for gradual recovery. In October, the idleness of the sector's installed capacity decreased, resulting in the lowest monthly revenue loss since the start of the pandemic, R$11.2 billion, estimated economist Fabio Bentes, head of the CNC study.

The CNC forecasts 21.9% growth for tourism activities in 2021 . . .

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