IBOV 177,312 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,672 ▲ 0.85% MERVAL 3,240,615 ▲ 1.19% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL5.11▼ 0.19% USD/MXN17.48▼ 0.39% USD/CLP923.20▼ 0.48% USD/COP3,243▼ 2.98% USD/PEN3.39▼ 0.38% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.50▼ 0.09% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.00% BRENT 75.61 ▼ 0.90% WTI 71.14 ▼ 1.30% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,114 ▼ 0.41% SILVER 60.14 ▼ 0.40% SOY 1,193 ▲ 1.10% CORN 459.50 ▲ 7.42% WHEAT 639.25 ▲ 4.58% COFFEE 336.10 ▼ 5.84% SUGAR 14.89 ▼ 1.52% ORANGE JUICE 146.55 ▼ 2.23% COTTON 80.87 ▲ 6.18% COCOA 5,990 ▼ 5.06% BEEF 234.45 ▼ 0.34% CATTLE 353.60 ▼ 0.72% LITHIUM 72.28 ▼ 0.74% PETR4 39.55 ▲ 0.87% VALE3 74.56 ▲ 1.93% ITUB4 43.95 ▲ 3.19% BBDC4 18.76 ▲ 4.22% ABEV3 15.82 ▲ 0.64% BBAS3 20.62 ▲ 3.10% B3SA3 15.46 ▲ 4.53% WEGE3 46.52 ▲ 1.71% PRIO3 55.42 ▼ 0.34% SUZB3 41.56 ▲ 1.29% RENT3 40.76 ▲ 3.45% AZZA3 19.27 ▲ 4.39% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.98 ▲ 1.27% PSSA3 54.23 ▲ 1.65% CVCB3 1.25 — 0.00% POSI3 3.98 ▲ 3.38% SLCE3 13.99 ▲ 1.45% NATU3 8.63 ▲ 2.01% BRKM5 6.52 ▲ 2.52% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.49 ▲ 1.68% GGBR4 22.89 ▲ 1.82% ENEV3 27.34 ▲ 4.35% CPFE3 47.63 ▲ 2.89% CMIG4 11.35 ▲ 2.44% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.56 ▲ 3.07% RAIL3 14.03 ▲ 2.04% KLABIN 17.51 ▲ 0.63% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.35 ▲ 3.81% SMTO3 15.96 ▼ 0.56% UGPA3 30.60 ▲ 1.66% VBBR3 32.75 ▲ 2.02% BBSE3 40.04 ▲ 1.93% BPAC11 57.92 ▲ 4.02% CURY3 33.75 ▲ 3.21% AERI3 2.08 ▲ 0.97% VIVARA 23.47 ▲ 3.94% COMPASS 25.25 ▲ 2.31% VAMOS 3.05 ▲ 3.04% SANB11 27.44 ▲ 4.53% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.31 ▲ 0.59% GMEXICO 198.33 ▲ 1.53% FEMSA 223.20 ▲ 0.37% CEMEX 21.94 ▲ 1.06% GFNORTE 188.54 ▲ 1.72% BIMBO 56.31 ▲ 0.68% TELEVISA 9.62 ▲ 1.37% AMX 22.99 ▲ 1.55% GAP 411.08 ▼ 0.64% ASUR 286.42 ▲ 0.99% OMA 235.88 ▼ 0.89% KOF 182.46 ▲ 0.86% GRUMA 286.15 ▲ 1.37% KIMBER 38.36 ▼ 0.21% SQM-B 67,892 ▼ 1.75% COPEC 6,023 ▲ 0.04% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,880 ▲ 0.50% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,035 ▼ 1.05% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.14 ▲ 0.61% LATAM AIR 26.15 ▼ 0.95% YPF 74,225 ▼ 2.05% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 964.00 ▼ 0.46% TGS 9,440 ▲ 1.40% CEPU 2,324 ▲ 0.39% MIRGOR 17,075 ▼ 0.73% COME 45.75 ▲ 0.73% LOMA NEGRA 3,530 ▲ 0.93% BYMA 308.75 ▼ 0.32% TELECOM ARG 4,170 ▲ 1.21% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.30 ▲ 2.93% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.61 ▲ 2.22% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.06 ▲ 1.73% MERCADOLIBRE 1,879 ▲ 3.92% NUBANK 13.89 ▲ 1.57% XP 17.03 ▲ 3.77% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.51% GLOBANT 30.01 ▼ 4.09% TECNOGLASS 44.15 ▲ 2.33% GAP AIRPORT 235.06 ▲ 0.25% ASUR 286.42 ▲ 0.99% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.94 ▲ 0.74% CEMEX ADR 12.54 ▲ 1.33% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.60 ▲ 3.86% SANTANDER BR 5.43 ▲ 5.54% AMBEV ADR 3.07 ▲ 1.06% CSN 1.03 ▲ 7.36% GERDAU 4.48 ▲ 1.59% LATAM ADR 56.51 ▼ 0.94% BTC 63,984 ▲ 1.25% ETH 1,792 ▲ 2.74% SOL 77.83 ▼ 0.28% XRP 1.10 ▲ 0.86% BNB 576.50 ▲ 1.41% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 1.75% AVAX 6.75 ▲ 1.00% LINK 7.94 ▲ 2.72% DOT 0.88 ▲ 6.29% LTC 44.60 ▲ 1.91% BCH 248.78 ▲ 4.63% TRX 0.33 ▼ 0.51% XLM 0.19 ▲ 1.49% HBAR 0.07 ▲ 0.51% NEAR 1.90 ▼ 1.22% ATOM 1.58 ▲ 2.01% AAVE 94.82 ▲ 3.91% SELIC 14.25% EMBRAER 85.23 ▲ 1.63% EMBRAER ADR 66.74 ▲ 1.82% JBS 11.82 ▲ 0.77% JBS BDR 60.17 ▲ 0.20% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.89% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.11% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.55▼ 0.52% USD/CNY6.78▼ 0.24% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1434 — 0.00% GBP/USD1.34▲ 0.07% SPX 7,566 ▲ 0.30% DJI 52,628 ▲ 0.27% NDX 29,809 ▲ 0.28% RUT 2,974 ▼ 0.62% TSX 35,228 ▲ 0.08% VIX 15.27 ▼ 3.60% USD/CAD1.41▼ 0.25% US10Y 4.5610 ▲ 0.48% IBOV 177,312 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,672 ▲ 0.85% MERVAL 3,240,615 ▲ 1.19% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL 5.11 ▼ 0.19% USD/MXN 17.48 ▼ 0.39% USD/CLP 923.20 ▼ 0.48% USD/COP 3,243 ▼ 2.98% USD/PEN 3.39 ▼ 0.38% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.50 ▼ 0.09% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.01% BRENT 75.61 ▼ 0.90% WTI 71.14 ▼ 1.30% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,114 ▼ 0.41% SILVER 60.14 ▼ 0.40% SOY 1,193 ▲ 1.10% CORN 459.50 ▲ 7.42% WHEAT 639.25 ▲ 4.58% COFFEE 336.10 ▼ 5.84% SUGAR 14.89 ▼ 1.52% ORANGE JUICE 146.55 ▼ 2.23% COTTON 80.87 ▲ 6.18% COCOA 5,990 ▼ 5.06% BEEF 234.45 ▼ 0.34% CATTLE 353.60 ▼ 0.72% LITHIUM 72.28 ▼ 0.74% PETR4 39.55 ▲ 0.87% VALE3 74.56 ▲ 1.93% ITUB4 43.95 ▲ 3.19% BBDC4 18.76 ▲ 4.22% ABEV3 15.82 ▲ 0.64% BBAS3 20.62 ▲ 3.10% B3SA3 15.46 ▲ 4.53% WEGE3 46.52 ▲ 1.71% PRIO3 55.42 ▼ 0.34% SUZB3 41.56 ▲ 1.29% RENT3 40.76 ▲ 3.45% AZZA3 19.27 ▲ 4.39% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.98 ▲ 1.27% PSSA3 54.23 ▲ 1.65% CVCB3 1.25 — 0.00% POSI3 3.98 ▲ 3.38% SLCE3 13.99 ▲ 1.45% NATU3 8.63 ▲ 2.01% BRKM5 6.52 ▲ 2.52% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.49 ▲ 1.68% GGBR4 22.89 ▲ 1.82% ENEV3 27.34 ▲ 4.35% CPFE3 47.63 ▲ 2.89% CMIG4 11.35 ▲ 2.44% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.56 ▲ 3.07% RAIL3 14.03 ▲ 2.04% KLABIN 17.51 ▲ 0.63% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.35 ▲ 3.81% SMTO3 15.96 ▼ 0.56% UGPA3 30.60 ▲ 1.66% VBBR3 32.75 ▲ 2.02% BBSE3 40.04 ▲ 1.93% BPAC11 57.92 ▲ 4.02% CURY3 33.75 ▲ 3.21% AERI3 2.08 ▲ 0.97% VIVARA 23.47 ▲ 3.94% COMPASS 25.25 ▲ 2.31% VAMOS 3.05 ▲ 3.04% SANB11 27.44 ▲ 4.53% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.31 ▲ 0.59% GMEXICO 198.33 ▲ 1.53% FEMSA 223.20 ▲ 0.37% CEMEX 21.94 ▲ 1.06% GFNORTE 188.54 ▲ 1.72% BIMBO 56.31 ▲ 0.68% TELEVISA 9.62 ▲ 1.37% AMX 22.99 ▲ 1.55% GAP 411.08 ▼ 0.64% ASUR 286.42 ▲ 0.99% OMA 235.88 ▼ 0.89% KOF 182.46 ▲ 0.86% GRUMA 286.15 ▲ 1.37% KIMBER 38.36 ▼ 0.21% SQM-B 67,892 ▼ 1.75% COPEC 6,023 ▲ 0.04% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,880 ▲ 0.50% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,035 ▼ 1.05% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.14 ▲ 0.61% LATAM AIR 26.15 ▼ 0.95% YPF 74,225 ▼ 2.05% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 964.00 ▼ 0.46% TGS 9,440 ▲ 1.40% CEPU 2,324 ▲ 0.39% MIRGOR 17,075 ▼ 0.73% COME 45.75 ▲ 0.73% LOMA NEGRA 3,530 ▲ 0.93% BYMA 308.75 ▼ 0.32% TELECOM ARG 4,170 ▲ 1.21% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.30 ▲ 2.93% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.61 ▲ 2.22% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.06 ▲ 1.73% MERCADOLIBRE 1,879 ▲ 3.92% NUBANK 13.89 ▲ 1.57% XP 17.03 ▲ 3.77% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.51% GLOBANT 30.01 ▼ 4.09% TECNOGLASS 44.15 ▲ 2.33% GAP AIRPORT 235.06 ▲ 0.25% ASUR 286.42 ▲ 0.99% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.94 ▲ 0.74% CEMEX ADR 12.54 ▲ 1.33% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.60 ▲ 3.86% SANTANDER BR 5.43 ▲ 5.54% AMBEV ADR 3.07 ▲ 1.06% CSN 1.03 ▲ 7.36% GERDAU 4.48 ▲ 1.59% LATAM ADR 56.51 ▼ 0.94% BTC 63,984 ▲ 1.25% ETH 1,792 ▲ 2.74% SOL 77.83 ▼ 0.28% XRP 1.10 ▲ 0.86% BNB 576.50 ▲ 1.41% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 1.75% AVAX 6.75 ▲ 1.00% LINK 7.94 ▲ 2.72% DOT 0.88 ▲ 6.29% LTC 44.60 ▲ 1.91% BCH 248.78 ▲ 4.63% TRX 0.33 ▼ 0.51% XLM 0.19 ▲ 1.49% HBAR 0.07 ▲ 0.51% NEAR 1.90 ▼ 1.22% ATOM 1.58 ▲ 2.01% AAVE 94.82 ▲ 3.91% SELIC 14.25% EMBRAER 85.23 ▲ 1.63% EMBRAER ADR 66.74 ▲ 1.82% JBS 11.82 ▲ 0.77% JBS BDR 60.17 ▲ 0.20% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.89% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.01% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.50 ▼ 0.52% USD/CNY 6.7643 ▼ 0.40% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1434 — 0.00% GBP/USD 1.3411 ▲ 0.05% SPX 7,566 ▲ 0.30% DJI 52,628 ▲ 0.27% NDX 29,809 ▲ 0.28% RUT 2,974 ▼ 0.62% TSX 35,228 ▲ 0.08% VIX 15.27 ▼ 3.60% USD/CAD 1.4124 ▼ 0.30% US10Y 4.5610 ▲ 0.48%
since 2009
Friday, July 10, 2026

Expats Look to Salvador Tourism Boom

By · October 8, 2013 · 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.

By Stephanie Foden, Contributing Reporter

SALVADOR, BRAZIL – An estimated nine million tourists will flock to Salvador and Bahia this year to get a taste of local Carnival culture or relax on one of the city’s famous beaches, but the boom in Brazil’s Northeast is serious business. Bringing in an estimated R$5 billion a year, the country’s third most visited city is keen to make the most of 2014’s World Cup opportunities and develop the tourism industry to its full potential.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
Salvador's British-owned Redfish Hotel in Pelourinho, Rio de Janeiro, Brazil News
Salvador’s British-owned Redfish Hotel in historic Pelourinho, photo courtesy of Redfish Hotel.
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

With direct international flights to Europe bringing in more than just the passing Brazil tourists, locals and expatriates alike have looked to seize on the opportunities that the expanding market continues to bring. Now, not unlike in Rio, you can find a thriving scene of expats who have set up guesthouses, tour companies and restaurants.

One such businessman is Charles Butler, the British-born owner of Pelourinho’s Hotel Redfish. “I opened here in 2003. This was the boom time in tourism in Salvador when Pelourinho [Salvador’s historic center] felt like the party capital of the world, and I had a few years running at almost eighty percent the whole year round. There was no low season,” he told The Rio Times.

It hasn’t always been so straightforward, however, and the crisis in Europe and resulting flattening of the market meant he had to look elsewhere. At the same time, more competition and some questionable political moves combined to made for a tough period.

“Since the financial crash in 2007-2008, things haven’t been so good. My market was almost exclusively foreigners and they didn’t have the money anymore.”

The barracas on Praia de Piatã three years ago, Rio de Janeiro, Brazil News
The barracas that stood on Praia de Piatã three years ago were bulldozed, photo by Robinho y Paco/Flickr Creative Commons License.

To compound the problems, three years ago, and citing environmental concerns, the local authorities removed all the barracas (beach huts) from the urban beaches rather than upgrading them. With no infrastructure, the picturesque urban beaches became quiet and less secure. “The beach barracas were as important as the church and the football teams, and they were bulldozed,” recalls American tour guide Ben Paris.

Signs of a reversal in fortune have come in the form of a new, state-of-the-art football stadium and the arrival of a new mayor, ACM Neto. From a prominent, right-wing family, Neto took office in January and Butler hopes he will maximize the opportunities that the global media spotlight will bestow upon his city.

“Who knows, with the right political will power, it could again be the place to visit,” said a hopeful Butler. “The World Cup is coming, I’m already ninety percent booked, we have a newish mayor who couldn’t be worse than the last one, and is making the right noises, and we will have a new governor next year.”

Neto has just begun a project to reconstruct the tourist-friendly Barra neighborhood in an attempt to reinvigorate Salvador’s tourism industry. The rejuvenation, planned to to create a more pedestrian- and bike-friendly coastline, is due to be completed before the 2014 World Cup at a cost of over R$111 million.

A series of some hundred free cultural events was announced last month to take place across Salvador between 2014-2017 under the Mayor’s new slogan ‘Salvador – Feel The Difference’. “I would say that after nine difficult months… that the child has been born,” Neto said at the launch, suggesting that now is the time for Salvador to earn its place as Brazil’s third-favorite city and bring the beaches and historic sites like Pelourinho back to their tourist-grabbing best.

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.