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22/06/2017 - 18:39hs

Tourism revenue up 4.3%

A survey commissioned by the Brazilian government shows that 782 companies grossed a combined BRL 8.2 billion in the first quarter. Tour operators saw revenue increase the most.

São Paulo – The Ministry of Tourism made available this Thursday (22) a survey done with 782 companies from the sector that showed that they registered BRL 8.2 billion (USD 2.54 billion) in total revenues in Q1, up 4.3% over the same period of last year. According to the ministry, the increase was driven by the expectation of na economic recovery and an increase in domestic demand.

The Bulletin of Tourism Economic Performance (BDET) shows, however, that companies believe that the current moment of the country’s economy remains unfavorable and complain of the high operational and financial costs, factors mentioned as limiting business growth.

According to the ministry, average revenues went up in five out of the seven sectors surveyed: tour operators (21.3%), event planners (6.9%), travel agencies (5.7%), airlines (5.4%) and parks and tourist attractions (3.4%). However, there was a decline in revenues of the lodging sector (-0.4%) and receptive tourism (-6.4%).

The ministry also states that the outlook for the numbers of the year’s second half is positive, since 70% of the companies surveyed are planning to invest, on average, 10.3% of their revenues.

The total number of companies that announced to be interested in investing reaches near 100% in the case of airlines and 86% among tour operators. The activities that should get the most resources are marketing and sales promotion, purchase of new equipment and staff training.

*Translated by Sérgio Kakitani

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