IBOV 176,315 ▲ 0.33% IPSA 10,928 ▲ 0.16% IPC MEX 66,753 ▲ 1.18% MERVAL 3,249,089 ▲ 0.43% COLCAP 2,296.93 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 2.25% USD/BRL5.08▼ 1.17% USD/MXN17.43▼ 0.56% USD/CLP922.90▼ 1.07% USD/COP3,251▼ 0.37% USD/PEN3.39▼ 0.60% USD/ARS1,476▼ 0.51% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.32% BRENT 85.00 ▲ 2.04% WTI 79.65 ▲ 1.93% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.50% GOLD 4,081 ▲ 2.11% SILVER 59.28 ▲ 2.85% SOY 1,192 ▼ 0.83% CORN 460.25 ▲ 5.14% WHEAT 644.00 ▲ 2.71% COFFEE 343.30 ▲ 0.56% SUGAR 14.99 ▲ 1.63% ORANGE JUICE 138.60 ▼ 2.77% COTTON 81.68 ▲ 2.32% COCOA 5,739 ▲ 0.75% BEEF 231.75 ▼ 1.27% CATTLE 349.03 ▼ 1.50% LITHIUM 71.55 ▲ 1.86% PETR4 40.53 ▼ 0.32% VALE3 74.04 ▲ 1.63% ITUB4 43.64 ▲ 0.28% BBDC4 18.64 ▼ 0.69% ABEV3 15.92 ▲ 0.57% BBAS3 20.51 ▲ 1.33% B3SA3 15.34 ▲ 1.46% WEGE3 44.27 ▼ 0.27% PRIO3 56.89 ▼ 0.54% SUZB3 41.00 ▼ 1.18% RENT3 40.30 ▲ 0.25% AZZA3 18.91 ▼ 1.61% CSAN3 3.91 ▲ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.08 ▲ 0.07% CVCB3 1.29 ▲ 3.20% POSI3 3.96 ▼ 0.75% SLCE3 13.76 ▼ 0.79% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.17 ▼ 1.34% CMIN3 5.25 ▼ 3.67% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.99 ▲ 0.41% CPFE3 47.05 ▲ 0.45% CMIG4 11.11 ▲ 0.36% EQTL3 40.95 ▲ 1.84% LREN3 14.16 ▲ 0.07% VIVT3 35.21 ▲ 1.38% RAIL3 14.16 ▲ 0.35% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.49 ▲ 1.59% RDOR3 35.86 ▲ 0.84% HAPV3 10.66 ▲ 1.91% FLRY3 16.26 ▲ 0.68% SMTO3 16.36 ▼ 0.06% UGPA3 30.03 ▼ 2.91% VBBR3 33.03 ▲ 0.82% BBSE3 40.24 ▼ 0.10% BPAC11 58.20 ▲ 1.18% CURY3 32.88 ▼ 0.72% AERI3 2.08 — 0.00% VIVARA 23.36 ▲ 1.08% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.45 ▲ 0.29% ASAI3 8.69 ▼ 0.23% SBSP3 30.38 ▲ 0.03% WALMEX 49.61 ▼ 0.08% GMEXICO 202.29 ▲ 3.43% FEMSA 232.52 ▲ 3.18% CEMEX 22.31 ▲ 2.43% GFNORTE 186.49 ▲ 2.43% BIMBO 56.28 ▲ 0.73% TELEVISA 9.50 ▼ 1.14% AMX 22.86 ▲ 1.20% GAP 386.01 ▼ 5.43% ASUR 276.98 ▼ 0.60% OMA 234.24 ▲ 0.39% KOF 181.71 ▲ 0.02% GRUMA 282.42 ▲ 0.37% KIMBER 38.38 ▲ 0.42% SQM-B 67,445 ▲ 0.35% COPEC 6,050 ▼ 0.12% BSANTANDER 78.99 ▲ 1.01% FALABELLA 5,935 ▲ 0.50% ENELAM 84.98 ▲ 0.93% CENCOSUD 2,056 ▲ 0.78% CMPC 1,081 ▲ 0.24% BANCO CHILE 188.94 ▲ 2.13% LATAM AIR 24.69 ▼ 0.84% YPF 77,200 ▲ 0.03% GGAL 8,140 ▲ 0.74% PAMPA 5,225 — 0.00% TXAR 663.50 ▼ 0.15% ALUAR 960.00 ▼ 0.47% TGS 9,685 ▲ 1.20% CEPU 2,314 ▼ 0.22% MIRGOR 16,850 ▼ 0.88% COME 45.60 ▲ 1.83% LOMA NEGRA 3,540 ▲ 1.22% BYMA 307.25 ▼ 0.32% TELECOM ARG 4,260 ▲ 0.24% ECOPETROL 15.85 ▼ 0.19% BANCOLOMBIA 81.97 ▲ 1.92% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.15 ▲ 0.50% SOUTHERN COPPER 180.60 ▲ 3.48% BUENAVENTURA 31.03 ▲ 4.04% MERCADOLIBRE 1,870 ▲ 0.15% NUBANK 13.90 ▲ 1.68% XP 16.58 ▲ 1.25% PAGSEGURO 9.16 ▼ 1.29% STONE 11.13 ▼ 0.22% GLOBANT 31.68 ▼ 1.39% TECNOGLASS 43.34 ▲ 1.17% GAP AIRPORT 221.81 ▼ 4.71% ASUR 276.98 ▼ 0.60% OMA AIRPORT 107.65 ▲ 1.43% AMX ADR 26.19 ▲ 0.60% FEMSA ADR 133.76 ▲ 3.68% CEMEX ADR 12.81 ▲ 2.89% PETROBRAS ADR 17.91 ▲ 0.17% VALE ADR 14.56 ▲ 2.64% ITAU ADR 8.57 ▲ 1.16% SANTANDER BR 5.42 ▲ 1.22% AMBEV ADR 3.12 ▲ 1.80% CSN 1.03 ▼ 0.49% GERDAU 4.56 ▲ 1.50% LATAM ADR 53.07 ▼ 0.49% BTC 64,554 ▲ 3.72% ETH 1,873 ▲ 5.63% SOL 77.35 ▲ 3.32% XRP 1.10 ▲ 3.59% BNB 582.62 ▲ 2.82% ADA 0.17 ▲ 5.90% DOGE 0.07 ▲ 4.02% AVAX 6.64 ▲ 3.04% LINK 8.29 ▲ 5.29% DOT 0.85 ▲ 1.97% LTC 44.80 ▲ 3.02% BCH 238.91 ▲ 1.13% TRX 0.33 ▲ 0.45% XLM 0.18 ▲ 2.02% HBAR 0.07 ▲ 0.67% NEAR 2.04 ▲ 6.59% ATOM 1.56 ▲ 1.37% AAVE 99.69 ▲ 5.65% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.47 ▲ 1.54% JBS 11.77 ▼ 0.25% JBS BDR 59.65 ▼ 1.58% MBRF3 16.05 ▲ 2.10% MBRFY 3.10 ▲ 1.64% INTER 5.65 ▲ 0.01% EGX 52,299 ▼ 0.59% USD/ZAR16.39▼ 0.54% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.14▼ 0.19% USD/CNY6.76▼ 0.33% DAX 25,166 ▲ 0.21% CAC 8,373 ▲ 0.10% FTSE 10,525 ▲ 0.26% MIB 52,902 ▲ 0.17% IBEX 19,362 ▲ 0.13% STOXX 642.31 ▲ 0.20% EUR/USD1.14▲ 0.42% GBP/USD1.34▼ 0.03% SPX 7,554 ▲ 0.51% DJI 52,511 ▲ 0.02% NDX 29,684 ▲ 1.44% RUT 2,969 ▲ 0.52% TSX 35,345 ▲ 0.26% VIX 16.30 ▼ 5.01% USD/CAD1.41▼ 0.62% US10Y 4.5570 ▼ 1.13% IBOV 176,315 ▲ 0.33% IPSA 10,928 ▲ 0.16% IPC MEX 66,753 ▲ 1.18% MERVAL 3,249,089 ▲ 0.43% COLCAP 2,296.93 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 2.25% USD/BRL 5.08 ▼ 1.18% USD/MXN 17.42 ▼ 0.59% USD/CLP 923.49 ▼ 1.01% USD/COP 3,250 ▼ 0.39% USD/PEN 3.39 ▼ 0.64% USD/ARS 1,476 ▼ 0.51% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.32% BRENT 85.00 ▲ 2.04% WTI 79.65 ▲ 1.93% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.50% GOLD 4,081 ▲ 2.11% SILVER 59.28 ▲ 2.85% SOY 1,192 ▼ 0.83% CORN 460.25 ▲ 5.14% WHEAT 644.00 ▲ 2.71% COFFEE 343.30 ▲ 0.56% SUGAR 14.99 ▲ 1.63% ORANGE JUICE 138.60 ▼ 2.77% COTTON 81.68 ▲ 2.32% COCOA 5,739 ▲ 0.75% BEEF 231.75 ▼ 1.27% CATTLE 349.03 ▼ 1.50% LITHIUM 71.55 ▲ 1.86% PETR4 40.53 ▼ 0.32% VALE3 74.04 ▲ 1.63% ITUB4 43.64 ▲ 0.28% BBDC4 18.64 ▼ 0.69% ABEV3 15.92 ▲ 0.57% BBAS3 20.51 ▲ 1.33% B3SA3 15.34 ▲ 1.46% WEGE3 44.27 ▼ 0.27% PRIO3 56.89 ▼ 0.54% SUZB3 41.00 ▼ 1.18% RENT3 40.30 ▲ 0.25% AZZA3 18.91 ▼ 1.61% CSAN3 3.91 ▲ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.94 — 0.00% PSSA3 54.08 ▲ 0.07% CVCB3 1.29 ▲ 3.20% POSI3 3.96 ▼ 0.75% SLCE3 13.76 ▼ 0.79% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.03 ▲ 1.01% CSNA3 5.17 ▼ 1.34% CMIN3 5.25 ▼ 3.67% USIM5 8.25 ▼ 1.55% GGBR4 23.08 ▲ 1.14% ENEV3 26.99 ▲ 0.41% CPFE3 47.05 ▲ 0.45% CMIG4 11.11 ▲ 0.36% EQTL3 40.95 ▲ 1.84% LREN3 14.16 ▲ 0.07% VIVT3 35.21 ▲ 1.38% RAIL3 14.16 ▲ 0.35% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.49 ▲ 1.59% RDOR3 35.86 ▲ 0.84% HAPV3 10.66 ▲ 1.91% FLRY3 16.26 ▲ 0.68% SMTO3 16.36 ▼ 0.06% UGPA3 30.03 ▼ 2.91% VBBR3 33.03 ▲ 0.82% BBSE3 40.24 ▼ 0.10% BPAC11 58.20 ▲ 1.18% CURY3 32.88 ▼ 0.72% AERI3 2.08 — 0.00% VIVARA 23.36 ▲ 1.08% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.45 ▲ 0.29% ASAI3 8.69 ▼ 0.23% SBSP3 30.38 ▲ 0.03% WALMEX 49.61 ▼ 0.08% GMEXICO 202.29 ▲ 3.43% FEMSA 232.52 ▲ 3.18% CEMEX 22.31 ▲ 2.43% GFNORTE 186.49 ▲ 2.43% BIMBO 56.28 ▲ 0.73% TELEVISA 9.50 ▼ 1.14% AMX 22.86 ▲ 1.20% GAP 386.01 ▼ 5.43% ASUR 276.98 ▼ 0.60% OMA 234.24 ▲ 0.39% KOF 181.71 ▲ 0.02% GRUMA 282.42 ▲ 0.37% KIMBER 38.38 ▲ 0.42% SQM-B 67,445 ▲ 0.35% COPEC 6,050 ▼ 0.12% BSANTANDER 78.99 ▲ 1.01% FALABELLA 5,935 ▲ 0.50% ENELAM 84.98 ▲ 0.93% CENCOSUD 2,056 ▲ 0.78% CMPC 1,081 ▲ 0.24% BANCO CHILE 188.94 ▲ 2.13% LATAM AIR 24.69 ▼ 0.84% YPF 77,200 ▲ 0.03% GGAL 8,140 ▲ 0.74% PAMPA 5,225 — 0.00% TXAR 663.50 ▼ 0.15% ALUAR 960.00 ▼ 0.47% TGS 9,685 ▲ 1.20% CEPU 2,314 ▼ 0.22% MIRGOR 16,850 ▼ 0.88% COME 45.60 ▲ 1.83% LOMA NEGRA 3,540 ▲ 1.22% BYMA 307.25 ▼ 0.32% TELECOM ARG 4,260 ▲ 0.24% ECOPETROL 15.85 ▼ 0.19% BANCOLOMBIA 81.97 ▲ 1.92% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.15 ▲ 0.50% SOUTHERN COPPER 180.60 ▲ 3.48% BUENAVENTURA 31.03 ▲ 4.04% MERCADOLIBRE 1,870 ▲ 0.15% NUBANK 13.90 ▲ 1.68% XP 16.58 ▲ 1.25% PAGSEGURO 9.16 ▼ 1.29% STONE 11.13 ▼ 0.22% GLOBANT 31.68 ▼ 1.39% TECNOGLASS 43.34 ▲ 1.17% GAP AIRPORT 221.81 ▼ 4.71% ASUR 276.98 ▼ 0.60% OMA AIRPORT 107.65 ▲ 1.43% AMX ADR 26.19 ▲ 0.60% FEMSA ADR 133.76 ▲ 3.68% CEMEX ADR 12.81 ▲ 2.89% PETROBRAS ADR 17.91 ▲ 0.17% VALE ADR 14.56 ▲ 2.64% ITAU ADR 8.57 ▲ 1.16% SANTANDER BR 5.42 ▲ 1.22% AMBEV ADR 3.12 ▲ 1.80% CSN 1.03 ▼ 0.49% GERDAU 4.56 ▲ 1.50% LATAM ADR 53.07 ▼ 0.49% BTC 64,554 ▲ 3.72% ETH 1,873 ▲ 5.63% SOL 77.35 ▲ 3.32% XRP 1.10 ▲ 3.59% BNB 582.62 ▲ 2.82% ADA 0.17 ▲ 5.90% DOGE 0.07 ▲ 4.02% AVAX 6.64 ▲ 3.04% LINK 8.29 ▲ 5.29% DOT 0.85 ▲ 1.97% LTC 44.80 ▲ 3.02% BCH 238.91 ▲ 1.13% TRX 0.33 ▲ 0.45% XLM 0.18 ▲ 2.02% HBAR 0.07 ▲ 0.67% NEAR 2.04 ▲ 6.59% ATOM 1.56 ▲ 1.37% AAVE 99.69 ▲ 5.65% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.47 ▲ 1.54% JBS 11.77 ▼ 0.25% JBS BDR 59.65 ▼ 1.58% MBRF3 16.05 ▲ 2.10% MBRFY 3.10 ▲ 1.64% INTER 5.65 ▲ 0.01% EGX 52,299 ▼ 0.59% USD/ZAR 16.34 ▼ 0.71% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 161.94 ▼ 0.30% USD/CNY 6.7576 ▼ 0.20% DAX 25,166 ▲ 0.21% CAC 8,373 ▲ 0.10% FTSE 10,525 ▲ 0.26% MIB 52,902 ▲ 0.17% IBEX 19,362 ▲ 0.13% STOXX 642.31 ▲ 0.20% EUR/USD 1.1444 ▲ 0.50% GBP/USD 1.3397 ▲ 0.36% SPX 7,554 ▲ 0.51% DJI 52,511 ▲ 0.02% NDX 29,684 ▲ 1.44% RUT 2,969 ▲ 0.52% TSX 35,345 ▲ 0.26% VIX 16.30 ▼ 5.01% USD/CAD 1.4056 ▼ 0.69% US10Y 4.5570 ▼ 1.13%
since 2009
Tuesday, July 14, 2026

Brazil Business - Brazil

Extended Carnaval 2020 Expected to Gather Close to Seven Million People in Rio

By · February 15, 2020 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The figures for Carnival 2020 reflect the extent and impact of the festival in Rio de Janeiro: around seven million people are expected, with 1.9 million tourists for the period.

Parade of the Samba Schools during the Carnaval of Rio de Janeiro.
Parade of the Samba Schools during the Carnaval of Rio de Janeiro. (Photo: internet reproduction)
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

In a survey released by the National Confederation of Trade in Goods, Services, and Tourism (CNC), tourism activities related to the festival this year are expected to reach their highest level since 2015.

Among the states, Rio de Janeiro leads the economic turnover, with approximately R$2.68 billion (US$670 million), outperforming São Paulo (R$1.94 billion) and Bahia (R$1.36 billion). In all, Brazil is expected to generate revenues of approximately R$8 billion from the festival, a real increase of one percent over last year.

Aiming to establish Rio de Janeiro as the Brazilian capital of entertainment and leisure, with events such as Carnaval, the Government of Rio de Janeiro created the Under-Secretariat for Major Events, linked to the Secretariat of the State House.

Marcel Balassiano, an FGV economist, recalls that Rio de Janeiro is characterized by the “pre-Carnaval” period in the city, which is as busy as during the festival itself.

“Of the three major events taking place in Rio de Janeiro, Carnaval has a greater impact than New Year’s Eve and Rock in Rio because of the number of days. If we consider the period that we refer to as “pre-carnaval”, it increases even further the activity of the production chain, which ranges from public transport to samba school rehearsals in the street blocks and on the streets, as well as the carnaval block parades. This year’s numbers are expected to exceed the previous year when the impact in tax revenue was R$79 million,” said the economist.

Botafogo is one of the most sought after neighborhoods by tourists.
Botafogo is one of the most sought-after neighborhoods by tourists. (Photo: internet reproduction)

Occupation projected at 98 percent

Visitors to Rio will be able to enjoy Carnaval at 441 block parades until March 1st, when the festival officially ends in the city (see Rio’s full schedule for 2020 blocks). Data from the Rio de Janeiro’s Accommodation Union (Hotéis Rio) show that the average occupation of Rio’s hotels is around 82.5 percent. In 2019, the survey reported 78 percent, which represents an increase of 4.5 percentage points in confirmed bookings.

Flamengo and Botafogo are the most sought-after neighborhoods, with 89 percent of the rooms taken; followed by Barra da Tijuca/ São Conrado with 84 percent; Downtown with 83 percent; Leme/ Copacabana, 78 percent; and Ipanema/ Leblon, with 80 percent occupation.

Still, according to the survey, most tourists from Brazilian states come from São Paulo, followed by Minas Gerais, Espírito Santo, and the Federal District. In terms of foreigners, Argentinians lead the list, followed by Americans, Italians, and French.

“It is the major event in Rio de Janeiro and, as a result, the largest occupation, turnover, and number of foreign tourists in the city. We should reach 98 percent hotel capacity during the period,” projected Alfredo Lopes, president of SindHotéis Rio.

Temporary jobs

To meet the seasonal increase in demand, CNC estimates the hiring of 25,400 temporary workers between January and February this year in the country – 2.8 percent more than during the 2019 Carnival (24,700). With approximately 18,200 job openings, the catering services segment is expected to provide around 71 percent of the job opportunities.

Once the estimate is confirmed, the job openings offered by the activities that make up the survey would reach, in 2020, the largest contingent of temporary workers since 2014 (55.6 thousand jobs).

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.