IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.06% USD/MXN17.37▼ 0.31% USD/CLP922.98▼ 0.39% USD/COP3,223▼ 0.39% USD/PEN3.38▼ 0.26% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.72▲ 0.14% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.61% BRENT 84.50 ▼ 0.27% WTI 79.08 ▼ 0.33% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.54% GOLD 4,061 — 0.00% SILVER 57.81 ▼ 1.64% SOY 1,202 ▼ 0.48% CORN 470.50 ▲ 8.47% WHEAT 680.25 ▲ 7.76% COFFEE 324.55 ▼ 3.75% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 137.70 ▼ 1.82% COTTON 82.13 ▲ 3.18% COCOA 5,914 ▲ 4.49% BEEF 230.30 ▼ 0.49% CATTLE 344.65 ▼ 1.19% LITHIUM 70.88 ▼ 0.98% PETR4 40.42 ▼ 0.59% VALE3 74.43 ▲ 0.57% ITUB4 43.10 ▼ 1.21% BBDC4 18.61 ▼ 0.11% ABEV3 15.54 ▼ 1.71% BBAS3 20.59 — 0.00% B3SA3 15.70 ▲ 2.41% WEGE3 43.88 ▼ 0.72% PRIO3 57.28 ▼ 0.50% SUZB3 41.43 ▲ 0.78% RENT3 40.35 ▼ 0.47% AZZA3 18.72 ▼ 0.69% CSAN3 3.84 ▼ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.46 ▲ 0.41% GMAT3 3.96 — 0.00% PSSA3 55.22 ▲ 1.71% CVCB3 1.36 ▼ 1.45% POSI3 3.92 ▼ 1.75% SLCE3 13.46 ▼ 2.53% NATU3 8.67 ▲ 1.40% BRKM5 6.42 ▼ 6.00% RANI3 8.00 ▼ 0.12% CSNA3 5.16 ▼ 0.77% CMIN3 5.17 ▲ 1.37% USIM5 8.11 ▼ 1.46% GGBR4 23.96 ▲ 2.74% ENEV3 26.90 ▼ 0.99% CPFE3 46.81 ▼ 0.83% CMIG4 11.15 ▼ 0.45% EQTL3 40.38 ▼ 1.39% LREN3 14.09 ▼ 1.40% VIVT3 35.51 ▼ 0.03% RAIL3 13.99 ▼ 0.99% KLABIN 17.35 ▲ 0.17% RAIA DROGASIL 18.63 ▲ 0.16% RDOR3 36.07 ▲ 0.06% HAPV3 10.92 ▼ 2.41% FLRY3 16.45 ▲ 0.24% SMTO3 15.46 ▼ 4.09% UGPA3 30.57 ▲ 1.53% VBBR3 33.40 ▲ 0.30% BBSE3 40.54 ▲ 0.37% BPAC11 57.04 ▼ 1.57% CURY3 33.06 ▼ 1.58% AERI3 2.03 ▼ 1.93% VIVARA 23.44 ▲ 0.04% COMPASS 24.98 ▼ 0.87% VAMOS 3.10 ▼ 1.59% SANB11 27.17 ▼ 0.62% ASAI3 8.70 ▲ 0.46% SBSP3 30.02 ▼ 1.05% WALMEX 49.81 ▲ 1.10% GMEXICO 199.96 ▲ 0.20% FEMSA 224.30 ▼ 2.19% CEMEX 22.63 ▲ 1.94% GFNORTE 184.77 ▼ 0.76% BIMBO 57.39 ▲ 1.83% TELEVISA 9.57 ▲ 0.42% AMX 22.68 ▼ 0.74% GAP 396.49 ▲ 0.31% ASUR 282.53 ▲ 2.51% OMA 235.30 ▲ 0.12% KOF 176.29 ▼ 2.00% GRUMA 280.05 ▲ 0.23% KIMBER 38.70 ▲ 0.68% SQM-B 65,755 ▼ 3.16% COPEC 6,207 ▼ 0.06% BSANTANDER 77.44 ▼ 1.53% FALABELLA 5,905 ▲ 0.52% ENELAM 85.08 ▼ 0.78% CENCOSUD 2,020 ▼ 0.98% CMPC 1,085 ▼ 1.65% BANCO CHILE 187.16 ▼ 1.23% LATAM AIR 25.28 ▲ 1.53% YPF 78,200 ▲ 0.55% GGAL 8,175 ▲ 3.35% PAMPA 5,190 ▼ 0.76% TXAR 667.00 ▲ 0.76% ALUAR 957.00 ▲ 0.84% TGS 9,715 ▲ 0.05% CEPU 2,330 ▲ 0.13% MIRGOR 16,800 ▲ 0.30% COME 45.69 ▼ 0.13% LOMA NEGRA 3,565 ▲ 0.92% BYMA 301.50 ▲ 0.17% TELECOM ARG 4,340 ▲ 0.17% ECOPETROL 16.04 ▼ 0.77% BANCOLOMBIA 81.87 ▼ 0.28% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 397.02 ▲ 1.22% SOUTHERN COPPER 179.51 ▼ 1.57% BUENAVENTURA 30.79 ▼ 0.77% MERCADOLIBRE 1,846 ▼ 1.50% NUBANK 14.11 ▲ 0.82% XP 17.02 ▲ 0.89% PAGSEGURO 9.23 ▼ 0.59% STONE 11.32 ▲ 0.13% GLOBANT 31.95 ▲ 3.33% TECNOGLASS 45.13 ▲ 2.02% GAP AIRPORT 228.30 ▲ 1.04% ASUR 282.53 ▲ 2.51% OMA AIRPORT 108.29 ▲ 0.60% AMX ADR 26.09 ▼ 0.34% FEMSA ADR 128.97 ▼ 3.16% CEMEX ADR 13.05 ▲ 1.91% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.67 ▲ 0.51% ITAU ADR 8.48 ▼ 0.82% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.02 ▼ 1.46% GERDAU 4.75 ▲ 2.99% LATAM ADR 54.92 ▲ 2.64% BTC 65,009 ▲ 0.08% ETH 1,924 ▲ 1.81% SOL 77.71 ▼ 0.07% XRP 1.12 ▲ 0.42% BNB 579.29 ▼ 0.42% ADA 0.16 ▼ 0.20% DOGE 0.07 ▼ 0.51% AVAX 6.71 ▲ 0.19% LINK 8.52 ▲ 2.17% DOT 0.85 ▼ 0.09% LTC 45.20 ▼ 0.52% BCH 226.57 ▼ 4.19% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 1.92% HBAR 0.07 ▲ 0.23% NEAR 2.07 ▲ 2.93% ATOM 1.56 ▼ 0.06% AAVE 96.60 ▼ 2.31% SELIC 14.25% EMBRAER 81.50 ▼ 1.20% EMBRAER ADR 64.08 ▼ 1.28% JBS 12.05 ▲ 1.82% JBS BDR 61.09 ▲ 2.24% MBRF3 15.23 ▼ 5.34% MBRFY 3.02 ▼ 3.82% INTER 5.65 ▼ 0.88% IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.06% USD/MXN 17.37 ▼ 0.31% USD/CLP 922.98 ▼ 0.39% USD/COP 3,222 ▼ 0.44% USD/PEN 3.38 ▼ 0.26% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.10% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.72 ▲ 0.14% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.61% BRENT 84.50 ▼ 0.27% WTI 79.08 ▼ 0.33% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.54% GOLD 4,061 — 0.00% SILVER 57.81 ▼ 1.64% SOY 1,202 ▼ 0.48% CORN 470.50 ▲ 8.47% WHEAT 680.25 ▲ 7.76% COFFEE 324.55 ▼ 3.75% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 137.70 ▼ 1.82% COTTON 82.13 ▲ 3.18% COCOA 5,914 ▲ 4.49% BEEF 230.30 ▼ 0.49% CATTLE 344.65 ▼ 1.19% LITHIUM 70.88 ▼ 0.98% PETR4 40.42 ▼ 0.59% VALE3 74.43 ▲ 0.57% ITUB4 43.10 ▼ 1.21% BBDC4 18.61 ▼ 0.11% ABEV3 15.54 ▼ 1.71% BBAS3 20.59 — 0.00% B3SA3 15.70 ▲ 2.41% WEGE3 43.88 ▼ 0.72% PRIO3 57.28 ▼ 0.50% SUZB3 41.43 ▲ 0.78% RENT3 40.35 ▼ 0.47% AZZA3 18.72 ▼ 0.69% CSAN3 3.84 ▼ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.46 ▲ 0.41% GMAT3 3.96 — 0.00% PSSA3 55.22 ▲ 1.71% CVCB3 1.36 ▼ 1.45% POSI3 3.92 ▼ 1.75% SLCE3 13.46 ▼ 2.53% NATU3 8.67 ▲ 1.40% BRKM5 6.42 ▼ 6.00% RANI3 8.00 ▼ 0.12% CSNA3 5.16 ▼ 0.77% CMIN3 5.17 ▲ 1.37% USIM5 8.11 ▼ 1.46% GGBR4 23.96 ▲ 2.74% ENEV3 26.90 ▼ 0.99% CPFE3 46.81 ▼ 0.83% CMIG4 11.15 ▼ 0.45% EQTL3 40.38 ▼ 1.39% LREN3 14.09 ▼ 1.40% VIVT3 35.51 ▼ 0.03% RAIL3 13.99 ▼ 0.99% KLABIN 17.35 ▲ 0.17% RAIA DROGASIL 18.63 ▲ 0.16% RDOR3 36.07 ▲ 0.06% HAPV3 10.92 ▼ 2.41% FLRY3 16.45 ▲ 0.24% SMTO3 15.46 ▼ 4.09% UGPA3 30.57 ▲ 1.53% VBBR3 33.40 ▲ 0.30% BBSE3 40.54 ▲ 0.37% BPAC11 57.04 ▼ 1.57% CURY3 33.06 ▼ 1.58% AERI3 2.03 ▼ 1.93% VIVARA 23.44 ▲ 0.04% COMPASS 24.98 ▼ 0.87% VAMOS 3.10 ▼ 1.59% SANB11 27.17 ▼ 0.62% ASAI3 8.70 ▲ 0.46% SBSP3 30.02 ▼ 1.05% WALMEX 49.81 ▲ 1.10% GMEXICO 199.96 ▲ 0.20% FEMSA 224.30 ▼ 2.19% CEMEX 22.63 ▲ 1.94% GFNORTE 184.77 ▼ 0.76% BIMBO 57.39 ▲ 1.83% TELEVISA 9.57 ▲ 0.42% AMX 22.68 ▼ 0.74% GAP 396.49 ▲ 0.31% ASUR 282.53 ▲ 2.51% OMA 235.30 ▲ 0.12% KOF 176.29 ▼ 2.00% GRUMA 280.05 ▲ 0.23% KIMBER 38.70 ▲ 0.68% SQM-B 65,755 ▼ 3.16% COPEC 6,207 ▼ 0.06% BSANTANDER 77.44 ▼ 1.53% FALABELLA 5,905 ▲ 0.52% ENELAM 85.08 ▼ 0.78% CENCOSUD 2,020 ▼ 0.98% CMPC 1,085 ▼ 1.65% BANCO CHILE 187.16 ▼ 1.23% LATAM AIR 25.28 ▲ 1.53% YPF 78,200 ▲ 0.55% GGAL 8,175 ▲ 3.35% PAMPA 5,190 ▼ 0.76% TXAR 667.00 ▲ 0.76% ALUAR 957.00 ▲ 0.84% TGS 9,715 ▲ 0.05% CEPU 2,330 ▲ 0.13% MIRGOR 16,800 ▲ 0.30% COME 45.69 ▼ 0.13% LOMA NEGRA 3,565 ▲ 0.92% BYMA 301.50 ▲ 0.17% TELECOM ARG 4,340 ▲ 0.17% ECOPETROL 16.04 ▼ 0.77% BANCOLOMBIA 81.87 ▼ 0.28% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 397.02 ▲ 1.22% SOUTHERN COPPER 179.51 ▼ 1.57% BUENAVENTURA 30.79 ▼ 0.77% MERCADOLIBRE 1,846 ▼ 1.50% NUBANK 14.11 ▲ 0.82% XP 17.02 ▲ 0.89% PAGSEGURO 9.23 ▼ 0.59% STONE 11.32 ▲ 0.13% GLOBANT 31.95 ▲ 3.33% TECNOGLASS 45.13 ▲ 2.02% GAP AIRPORT 228.30 ▲ 1.04% ASUR 282.53 ▲ 2.51% OMA AIRPORT 108.29 ▲ 0.60% AMX ADR 26.09 ▼ 0.34% FEMSA ADR 128.97 ▼ 3.16% CEMEX ADR 13.05 ▲ 1.91% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.67 ▲ 0.51% ITAU ADR 8.48 ▼ 0.82% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.02 ▼ 1.46% GERDAU 4.75 ▲ 2.99% LATAM ADR 54.92 ▲ 2.64% BTC 65,009 ▲ 0.08% ETH 1,924 ▲ 1.81% SOL 77.71 ▼ 0.07% XRP 1.12 ▲ 0.42% BNB 579.29 ▼ 0.42% ADA 0.16 ▼ 0.20% DOGE 0.07 ▼ 0.51% AVAX 6.71 ▲ 0.19% LINK 8.52 ▲ 2.17% DOT 0.85 ▼ 0.09% LTC 45.20 ▼ 0.52% BCH 226.57 ▼ 4.19% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 1.92% HBAR 0.07 ▲ 0.23% NEAR 2.07 ▲ 2.93% ATOM 1.56 ▼ 0.06% AAVE 96.60 ▼ 2.31% SELIC 14.25% EMBRAER 81.50 ▼ 1.20% EMBRAER ADR 64.08 ▼ 1.28% JBS 12.05 ▲ 1.82% JBS BDR 61.09 ▲ 2.24% MBRF3 15.23 ▼ 5.34% MBRFY 3.02 ▼ 3.82% INTER 5.65 ▼ 0.88%
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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.

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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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