IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.22% USD/MXN17.39▼ 0.21% USD/CLP931.50▼ 0.32% USD/COP3,239▼ 0.91% USD/PEN3.40▲ 0.12% USD/ARS1,479▼ 0.20% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.07% BRENT 91.25 ▲ 2.28% WTI 84.38 ▲ 1.38% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.71% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,220 ▼ 0.51% CORN 473.00 ▲ 5.23% WHEAT 669.25 ▼ 0.70% COFFEE 326.35 ▼ 2.41% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 149.90 ▲ 1.70% COTTON 79.51 ▲ 2.77% COCOA 5,652 ▲ 2.39% BEEF 222.58 ▼ 1.74% CATTLE 344.08 ▼ 2.25% LITHIUM 68.97 ▲ 3.06% PETR4 41.45 ▲ 0.73% VALE3 71.67 ▼ 0.36% ITUB4 42.35 ▲ 0.12% BBDC4 18.44 ▲ 0.16% ABEV3 15.78 ▼ 0.06% BBAS3 20.21 ▲ 0.20% B3SA3 15.05 ▼ 1.38% WEGE3 42.75 ▼ 0.88% PRIO3 58.80 ▲ 1.92% SUZB3 41.78 ▼ 0.26% RENT3 36.79 ▼ 1.87% AZZA3 17.65 ▼ 2.86% CSAN3 3.73 ▼ 2.36% RAIZ4 0.28 ▲ 3.70% PCAR3 2.69 ▲ 3.46% GMAT3 3.82 ▼ 0.78% PSSA3 53.28 ▼ 1.70% CVCB3 1.15 ▲ 6.48% POSI3 3.74 ▲ 1.08% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.98 ▲ 0.67% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.52 ▲ 2.41% USIM5 8.30 ▲ 1.72% GGBR4 23.57 ▼ 0.21% ENEV3 25.21 ▼ 1.72% CPFE3 46.20 ▼ 0.26% CMIG4 10.95 ▼ 0.64% EQTL3 38.60 ▼ 1.76% LREN3 13.18 ▼ 0.98% VIVT3 35.46 ▼ 0.59% RAIL3 13.37 ▼ 1.47% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.53 ▼ 0.86% RDOR3 33.94 ▼ 4.26% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.36 ▼ 0.32% UGPA3 31.35 ▼ 1.10% VBBR3 33.22 ▼ 2.61% BBSE3 41.05 — 0.00% BPAC11 55.50 ▼ 0.61% CURY3 29.78 ▼ 1.36% AERI3 2.02 ▼ 2.42% VIVARA 21.58 ▼ 1.73% COMPASS 24.33 ▼ 1.10% VAMOS 3.11 ▲ 0.65% SANB11 27.49 ▲ 1.78% ASAI3 8.21 ▲ 0.86% SBSP3 28.48 ▼ 1.73% WALMEX 49.29 ▼ 0.18% GMEXICO 204.75 ▲ 1.95% FEMSA 226.84 ▼ 0.06% CEMEX 22.07 ▲ 0.87% GFNORTE 183.10 ▲ 1.72% BIMBO 59.04 ▼ 0.77% TELEVISA 9.63 ▼ 0.82% AMX 22.80 ▲ 0.26% GAP 377.25 ▼ 0.25% ASUR 271.12 ▼ 1.19% OMA 225.31 ▼ 0.50% KOF 181.07 ▲ 0.14% GRUMA 287.54 ▼ 0.02% KIMBER 38.09 ▼ 0.78% SQM-B 63,600 ▲ 0.76% COPEC 6,329 ▲ 2.08% BSANTANDER 78.52 ▲ 3.19% FALABELLA 5,838 ▼ 0.63% ENELAM 84.43 ▲ 0.38% CENCOSUD 2,000 ▲ 0.26% CMPC 1,080 ▲ 1.31% BANCO CHILE 190.44 ▲ 2.12% LATAM AIR 24.39 ▼ 0.08% YPF 80,750 ▲ 1.96% GGAL 7,960 ▲ 1.47% PAMPA 5,465 ▲ 3.70% TXAR 669.00 ▼ 0.22% ALUAR 968.50 ▲ 0.94% TGS 9,645 ▲ 1.53% CEPU 2,331 ▲ 1.83% MIRGOR 16,600 ▼ 3.07% COME 43.27 ▲ 0.75% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.45 ▲ 2.62% BANCOLOMBIA 82.12 ▲ 1.61% GRUPO AVAL 5.01 ▲ 1.11% CREDICORP 392.34 ▲ 1.42% SOUTHERN COPPER 182.78 ▲ 4.40% BUENAVENTURA 30.88 ▲ 2.73% MERCADOLIBRE 1,805 ▼ 1.48% NUBANK 14.19 ▲ 1.43% XP 16.54 ▼ 1.58% PAGSEGURO 9.29 — 0.00% STONE 10.97 ▼ 1.39% GLOBANT 32.41 ▲ 0.37% TECNOGLASS 45.90 ▼ 0.46% GAP AIRPORT 216.43 ▼ 0.32% ASUR 271.12 ▼ 1.19% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.14 ▲ 0.15% FEMSA ADR 130.21 ▲ 0.15% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.39 ▲ 1.07% VALE ADR 14.11 ▲ 0.04% ITAU ADR 8.34 ▲ 0.18% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.32% LATAM ADR 52.39 ▲ 1.25% BTC 66,636 ▲ 2.16% ETH 1,925 ▲ 1.09% SOL 77.78 ▼ 0.02% XRP 1.15 ▲ 3.16% BNB 574.57 ▲ 0.67% ADA 0.18 ▲ 3.25% DOGE 0.07 ▲ 1.33% AVAX 6.58 ▲ 0.06% LINK 8.66 ▲ 0.93% DOT 0.86 ▲ 3.74% LTC 47.75 ▲ 0.87% BCH 225.61 ▲ 2.59% TRX 0.33 ▲ 0.56% XLM 0.19 ▲ 2.56% HBAR 0.07 ▲ 2.35% NEAR 1.96 ▼ 0.74% ATOM 1.50 ▲ 0.13% AAVE 94.45 ▲ 5.21% SELIC 14.25% EMBRAER 82.25 ▼ 1.25% EMBRAER ADR 64.73 ▼ 1.82% JBS 11.88 ▼ 1.29% JBS BDR 60.21 ▼ 0.95% MBRF3 15.01 ▲ 3.37% MBRFY 2.89 ▼ 0.69% INTER 5.53 ▼ 1.60% EGX 53,990 ▲ 1.63% USD/ZAR16.47▼ 0.38% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.99▲ 0.30% USD/CNY6.76▼ 0.17% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD1.14▼ 0.06% GBP/USD1.34▼ 0.56% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD1.41▲ 0.14% US10Y 4.6240 ▲ 0.57% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.22% USD/MXN 17.39 ▼ 0.21% USD/CLP 931.50 ▼ 0.32% USD/COP 3,239 ▼ 0.91% USD/PEN 3.40 ▲ 0.12% USD/ARS 1,479 ▼ 0.20% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.07% BRENT 91.25 ▲ 2.28% WTI 84.38 ▲ 1.38% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.71% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,220 ▼ 0.51% CORN 473.00 ▲ 5.23% WHEAT 669.25 ▼ 0.70% COFFEE 326.35 ▼ 2.41% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 149.90 ▲ 1.70% COTTON 79.51 ▲ 2.77% COCOA 5,652 ▲ 2.39% BEEF 222.58 ▼ 1.74% CATTLE 344.08 ▼ 2.25% LITHIUM 68.97 ▲ 3.06% PETR4 41.45 ▲ 0.73% VALE3 71.67 ▼ 0.36% ITUB4 42.35 ▲ 0.12% BBDC4 18.44 ▲ 0.16% ABEV3 15.78 ▼ 0.06% BBAS3 20.21 ▲ 0.20% B3SA3 15.05 ▼ 1.38% WEGE3 42.75 ▼ 0.88% PRIO3 58.80 ▲ 1.92% SUZB3 41.78 ▼ 0.26% RENT3 36.79 ▼ 1.87% AZZA3 17.65 ▼ 2.86% CSAN3 3.73 ▼ 2.36% RAIZ4 0.28 ▲ 3.70% PCAR3 2.69 ▲ 3.46% GMAT3 3.82 ▼ 0.78% PSSA3 53.28 ▼ 1.70% CVCB3 1.15 ▲ 6.48% POSI3 3.74 ▲ 1.08% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.98 ▲ 0.67% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.52 ▲ 2.41% USIM5 8.30 ▲ 1.72% GGBR4 23.57 ▼ 0.21% ENEV3 25.21 ▼ 1.72% CPFE3 46.20 ▼ 0.26% CMIG4 10.95 ▼ 0.64% EQTL3 38.60 ▼ 1.76% LREN3 13.18 ▼ 0.98% VIVT3 35.46 ▼ 0.59% RAIL3 13.37 ▼ 1.47% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.53 ▼ 0.86% RDOR3 33.94 ▼ 4.26% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.36 ▼ 0.32% UGPA3 31.35 ▼ 1.10% VBBR3 33.22 ▼ 2.61% BBSE3 41.05 — 0.00% BPAC11 55.50 ▼ 0.61% CURY3 29.78 ▼ 1.36% AERI3 2.02 ▼ 2.42% VIVARA 21.58 ▼ 1.73% COMPASS 24.33 ▼ 1.10% VAMOS 3.11 ▲ 0.65% SANB11 27.49 ▲ 1.78% ASAI3 8.21 ▲ 0.86% SBSP3 28.48 ▼ 1.73% WALMEX 49.29 ▼ 0.18% GMEXICO 204.75 ▲ 1.95% FEMSA 226.84 ▼ 0.06% CEMEX 22.07 ▲ 0.87% GFNORTE 183.10 ▲ 1.72% BIMBO 59.04 ▼ 0.77% TELEVISA 9.63 ▼ 0.82% AMX 22.80 ▲ 0.26% GAP 377.25 ▼ 0.25% ASUR 271.12 ▼ 1.19% OMA 225.31 ▼ 0.50% KOF 181.07 ▲ 0.14% GRUMA 287.54 ▼ 0.02% KIMBER 38.09 ▼ 0.78% SQM-B 63,600 ▲ 0.76% COPEC 6,329 ▲ 2.08% BSANTANDER 78.52 ▲ 3.19% FALABELLA 5,838 ▼ 0.63% ENELAM 84.43 ▲ 0.38% CENCOSUD 2,000 ▲ 0.26% CMPC 1,080 ▲ 1.31% BANCO CHILE 190.44 ▲ 2.12% LATAM AIR 24.39 ▼ 0.08% YPF 80,750 ▲ 1.96% GGAL 7,960 ▲ 1.47% PAMPA 5,465 ▲ 3.70% TXAR 669.00 ▼ 0.22% ALUAR 968.50 ▲ 0.94% TGS 9,645 ▲ 1.53% CEPU 2,331 ▲ 1.83% MIRGOR 16,600 ▼ 3.07% COME 43.27 ▲ 0.75% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.45 ▲ 2.62% BANCOLOMBIA 82.12 ▲ 1.61% GRUPO AVAL 5.01 ▲ 1.11% CREDICORP 392.34 ▲ 1.42% SOUTHERN COPPER 182.78 ▲ 4.40% BUENAVENTURA 30.88 ▲ 2.73% MERCADOLIBRE 1,805 ▼ 1.48% NUBANK 14.19 ▲ 1.43% XP 16.54 ▼ 1.58% PAGSEGURO 9.29 — 0.00% STONE 10.97 ▼ 1.39% GLOBANT 32.41 ▲ 0.37% TECNOGLASS 45.90 ▼ 0.46% GAP AIRPORT 216.43 ▼ 0.32% ASUR 271.12 ▼ 1.19% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.14 ▲ 0.15% FEMSA ADR 130.21 ▲ 0.15% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.39 ▲ 1.07% VALE ADR 14.11 ▲ 0.04% ITAU ADR 8.34 ▲ 0.18% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.67 ▼ 0.32% LATAM ADR 52.39 ▲ 1.25% BTC 66,636 ▲ 2.16% ETH 1,925 ▲ 1.09% SOL 77.78 ▼ 0.02% XRP 1.15 ▲ 3.16% BNB 574.57 ▲ 0.67% ADA 0.18 ▲ 3.25% DOGE 0.07 ▲ 1.33% AVAX 6.58 ▲ 0.06% LINK 8.66 ▲ 0.93% DOT 0.86 ▲ 3.74% LTC 47.75 ▲ 0.87% BCH 225.61 ▲ 2.59% TRX 0.33 ▲ 0.56% XLM 0.19 ▲ 2.56% HBAR 0.07 ▲ 2.35% NEAR 1.96 ▼ 0.74% ATOM 1.50 ▲ 0.13% AAVE 94.45 ▲ 5.21% SELIC 14.25% EMBRAER 82.25 ▼ 1.25% EMBRAER ADR 64.73 ▼ 1.82% JBS 11.88 ▼ 1.29% JBS BDR 60.21 ▼ 0.95% MBRF3 15.01 ▲ 3.37% MBRFY 2.89 ▼ 0.69% INTER 5.53 ▼ 1.60% EGX 53,990 ▲ 1.63% USD/ZAR 16.47 ▼ 0.16% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7557 ▼ 0.03% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD 1.1409 ▼ 0.04% GBP/USD 1.3371 ▼ 0.41% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD 1.4091 ▲ 0.09% US10Y 4.6240 ▲ 0.57%
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Private Clubs Surge in Brazil: Luxury Meets Water Sports

By · January 27, 2025 · 2 min read

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In a recent report by NeoFeed, Brazil’s luxury market is experiencing a significant shift towards exclusive private clubs. This trend aligns with global projections that estimate the private club industry will surpass $27 billion by 2027.

The movement is particularly notable in water sports, with surfing and kitesurfing taking center stage. JHSF, a prominent Brazilian construction company, is leading the charge with The Surf Club São Paulo.

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Set to open in early 2025, this high-end establishment will feature a wave pool near the Pinheiros River. Individual memberships cost R$605,000, while family memberships are priced at R$900,000 ($150,000), with an annual fee of R$25,000.

Another major player, Beyond The Club São Paulo, is set to launch in the first half of 2025. This venture, backed by KSM Realty, BTG Pactual Asset Management, and Realty Properties, represents an investment exceeding R$1.1 billion.

The club will offer only 3,000 family equity titles, emphasizing exclusivity. The trend extends beyond São Paulo. Julio Capua, co-founder of XP, inaugurated the Carnaúba Wind House in Ceará, focusing on kitesurfing.

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The complete project, with about 200 accommodations, represents a R$250 million investment. It’s slated for completion by the end of 2027. These developments are transforming small fishing villages into luxury destinations.

Praia do Preá, near Jericoacoara, has seen million-dollar investments in recent years. The kitesurfing industry has become a significant economic driver in Ceará state. Not all clubs focus solely on sports.

The Rise of Private Clubs in Brazil

The Resid Club & Hotels, announced in 2024, counts chef Alex Atala among its partners. It offers founding member quotas at R$360,000, with annual fees of R$15,000. The club emphasizes experiences over physical locations.

International brands are also entering the market. Soho House opened its first South American location in São Paulo. It caters to members from creative industries, offering various membership tiers ranging from R$5,400 to R$21,500 annually.

This boom in private clubs represents a significant shift in Brazil’s luxury lifestyle market. It blends high-end real estate, exclusive experiences, and water sports into a new paradigm of leisure.

The trend shows no signs of slowing down, with developers already eyeing expansion to other locations. While these clubs bring economic benefits, they also raise questions about accessibility and community impact.

In short, as the industry grows, there’s potential for democratization of these experiences in the future. For now, Brazil’s elite are riding a wave of exclusivity and luxury, reshaping the country’s leisure landscape.

For the full picture, see our Brazil Tax Reform: Complete Guide.

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