IBOV 185,188.13 ▼ 0.01% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,473.16 ▲ 0.91% MERVAL 3,062,910 ▼ 1.39% COLCAP 2,535.71 ▲ 1.86% BVL PERÚ 59,719.97 ▲ 0.50% USD/BRL5.10▲ 0.26% USD/MXN16.91▼ 0.34% USD/CLP930.38▼ 0.77% USD/COP3,136▼ 1.04% USD/PEN3.36▼ 0.04% USD/ARS1,508▼ 0.17% USD/UYU40.23▲ 1.13% USD/PYG5,924▲ 2.31% USD/BOB12.30▲ 4.75% USD/DOP58.47▼ 0.14% USD/CRC447.49▲ 1.34% USD/GTQ7.63▲ 2.30% USD/HNL26.84▲ 1.66% USD/NIO36.62▲ 0.71% USD/VES802.80▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.65▲ 0.05% EUR/BRL5.94▼ 0.48% 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 185,188.13 ▼ 0.01% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,473.16 ▲ 0.91% MERVAL 3,062,910 ▼ 1.39% COLCAP 2,535.71 ▲ 1.86% BVL PERÚ 59,719.97 ▲ 0.50% 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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Business - Brazil São Paulo

Tourism’s Big Impact on São Paulo’s Economy and Jobs

By · September 23, 2023 · 2 min read

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New data shows tourism contributes almost 10% to São Paulo’s GDP. São Paulo’s Legislative Assembly learned this on September 12.

Tourism also fuels 52 economic sectors and has created 2.3 million jobs.

State Tourism Secretary Roberto de Lucena highlighted these figures. “Tourism is a vital engine of growth,” he stated.

São Paulo boasts excellent infrastructure and Brazil’s top three airports. The state leads the nation in both attracting and sending tourists.

Globally, tourism is crucial, too. According to the World Tourism Organization, it accounts for 10% of the world’s GDP. Moreover, it creates 13% of jobs worldwide.

Tourism's Big Impact on São Paulo's Economy and Jobs. (Photo Internet reproduction)
Tourism’s Big Impact on São Paulo’s Economy and Jobs. (Photo Internet reproduction)
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The hotel business is also thriving in São Paulo. Occupancy rose 4.2% in the first half of this year compared to last year.

The Mantiqueira mountains had 53.8% average occupancy, while rural São Paulo hit 54.6%.

During the extended September 7 holiday, the state welcomed 2.3 million visitors. They spent approximately $3.6 million.

Hotels averaged an 80.8% occupancy rate, beating the expected 69%. Particularly, northern coastal cities saw a 92% rate.

Background

This data has several implications. Firstly, São Paulo’s robust tourism clearly acts as an economic stabilizer.

The industry’s reach into 52 sectors indicates its multifaceted impact. Secondly, job creation is vital.

With 2.3 million jobs linked to tourism, it’s a significant employment driver.

Then comes the global context. The tourism sector’s worldwide influence is not to be ignored.

If São Paulo can maintain its growth, it could gain more international prominence. Also, the increase in hotel occupancy shows promise.

Higher rates likely mean tourists are staying longer, which boosts local economies.

The impact on rural areas and smaller cities is noteworthy. Often overlooked, these regions benefit from tourism too.

Lastly, exceeding expectations during holidays points to effective marketing.

It suggests São Paulo has seasonal appeal, another lucrative angle to explore for future growth.

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