June 02, 20 - 4:00 pm - LABS

Tourism had a 90% drop and projects slow recovery in Brazil

The tourism sector expects a partial recovery in demand from the fourth quarter of 2020 in Brazil. In April, sales in the business tourism segment shrank 92% compared to the same period last year: a corresponding retraction of almost BRL 1 billion. Leisure travel sales fell 90%, with a loss around of also BRL 1 billion.

Data comes from the Brazilian Association of Corporate Travel Agencies (Abracorp) and the Brazilian Association of Tour Operators (Braztoa). In an interview to Valor Econômico, Carlos Prado, president of Abracorp, said he believes that, at first consumers will return to travel by car and bus to nearby destinations.

Also, the Brazilian Secretary of Civil Aviation at the Ministry of Infrastructure, Ronei Glanzmann, reported that domestic aviation returns to pre-pandemic levels only at the end of 2021, according to Valor Investe. He said that each of the three major airlines have lost between BRL 200 million and BRL 300 million per month.