IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL5.12▼ 0.07% USD/MXN16.88▼ 0.04% USD/CLP933.68▼ 0.10% USD/COP3,132▲ 0.23% USD/PEN3.35▼ 0.02% USD/ARS1,509▼ 0.02% USD/UYU40.24— 0.00% USD/PYG5,947— 0.00% USD/BOB12.40— 0.00% USD/DOP59.00— 0.00% USD/CRC448.67— 0.00% USD/GTQ7.63— 0.00% USD/HNL26.84— 0.00% USD/NIO36.62— 0.00% USD/VES805.37▼ 0.90% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71— 0.00% EUR/BRL5.95▲ 0.91% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Entertainment Brazil

Carnival Drives $2 Billion Across Brazil’s Major Cities

By · February 24, 2025 · 2 min read

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Brazil’s Carnival, running from March 1 to 4, is set to inject an estimated R$ 13.4 billion ($2.23 billion) into the economies of São Paulo, Rio de Janeiro, Salvador, and Recife, according to municipal projections.

The event has become a critical platform for brands across various sectors, leveraging the festivities to strengthen consumer connections and boost sales. Ambev, Brazil’s leading beverage company, will sponsor 130 street blocks and parties, targeting around 50 million revelers.

The company supports 55,000 street vendors in cities like São Paulo, Rio, Salvador, and Belo Horizonte. It also distributes one million promotional items.

With an investment of R$ 27.8 million ($4.63 million) in São Paulo alone—66% of the city’s total Carnival spending—Ambev expects to reach 16 million participants across 601 street blocks.

The celebration is projected to generate R$ 3.4 billion ($567 million) for São Paulo’s economy and create 50,000 jobs. In Rio de Janeiro, Carnival is anticipated to attract eight million people and generate R$ 5.5 billion ($917 million) while providing over 50,000 jobs.

Carnival Drives $2 Billion Across Brazil’s Major Cities
Carnival Drives $2 Billion Across Brazil’s Major Cities.
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Heineken Group has also expanded its presence with sponsorships for approximately 30 events nationwide. Its Amstel brand will back São Paulo’s Independent Samba Schools League and several prominent street blocks.

Carnival Sponsorships Drive Economic Growth

In Recife, Heineken sponsors the iconic Galo da Madrugada parade. Meanwhile, competitor Grupo Petrópolis continues its aggressive growth strategy with over 50 sponsored events this year. Its Itaipava brand also launched new ready-to-drink products aimed at younger consumers.

Emerging brands like Xeque Mate are capitalizing on Carnival’s momentum as well. The beverage startup will sponsor five street blocks in Belo Horizonte this year, up from three last year.

With production capacity tripling to 1.2 million liters per month by March, Xeque Mate plans to introduce its first alcohol-free product later this year. Other industries are also seizing the opportunity.

Food delivery giant iFood increased its Carnival investment by 50% this year, sponsoring events in São Paulo, Rio, and Salvador. Ride-hailing app 99 doubled its spending to expand its presence in major cities.

It also offered free rides for women in vulnerable situations through a partnership with local authorities. Fashion and cosmetics brands like Renner, Avon, and O Boticário have joined the festivities as sponsors for smaller street blocks and parades.

These contributions often cover essential costs such as sound systems and performers’ fees, enabling broader participation. For cities and businesses alike, Carnival represents not just celebration, but also a vital economic engine. It fuels jobs, commerce, and cultural engagement nationwide.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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