Brazil Sees Dramatic Increase in Tourist Dollar

Expenditure in dollars of foreign tourists in Brazil and the arrival of international flights increased above the average in July. Data from the Brazilian Central Bank show that foreigners spent 34.23% more than in July 2004 and US$ 298 million entered the country, compared to US$ 222 million last year.

According to the Brazilian Airport Infrastructure Company (Infraero), the number of arrivals in international flights was 20.34% superior to the number of passengers that disembarked in July of last year and increased 16.15% in the first seven months of 2005 over equal period in 2004. There were 3,985,920 disembarked passengers this year compared to 3,431,798 in 2004.


From January to July, foreigners spent US$ 2.17 billion in the country. The growth, compared to the same period last year, which had already been the best in history, came to 17.20%. When compared to 2003, the increase is even more expressive: 64,71%.


The expenditures evolved positively month after month; however, the month of July, according to the Brazilian authorities, revealed a growth far beyond all expectations, elevating the annual average.


For the director of Studies and Researches of the Brazilian Institute of Tourism (Embratur), José Francisco de Salles Lopes, the important is that there was a rate acceleration as much in revenue as in the number of arrivals.


“That means that we are reaping the result of Brazil’s collective work, with massive promotion abroad, as much of the Tourism Department, through Embratur, as tourism’s public and private organs”.


The Central Bank’s numbers include official money exchanges and expenditures using international credit cards. At the end of the year, Embratur also should announce revenues generated by the international tourism, which includes non-official expenditures.


ABr

Tags:

You May Also Like

After Moody’s and Standard & Poor’s, Fitch Also Gives Brazil Investment-Grade

Fitch Ratings has just boosted Brazil’s credit rating outlook from stable to positive citing ...

Petrobras to Use Six Nobles for Its Deepwater Operations Offshore Brazil

Noble Corporation announced Friday, June 3,  that the Noble Dave Beard ultra-deepwater semisubmersible has ...

Brazil’s Lula: Globalization of Justice Would End Terror

Speaking at the meeting of the World Commission on the Social Dimension of Globalization, ...

Penny Pinching Tainted Brazil’s Image as Beef Exporter

José Augusto de Castro, vice-president of the Brazilian Foreign Trade Association (AEB), affirmed that ...

Wholesale Changes in Brazil: Ministers Fired, Ministries Closed

More changes have been made in the government of President Luiz Inácio Lula da ...

Brazil Gypsies Want a Birth Certificate for Starters

Gypsies form a group which is little known but present in the imagination of ...

US Cruise Ship Allowed to Go on After Quarantine Imposed by Brazil

After Brazilian sanitary officials imposed a 24-hour quarantine following a massive outbreak of what ...

Mining Investments in Brazil to Reach US$ 47 Billion By 2013

The mining industry in Brazil should receive US$ 47 billion in investment in the ...

US Ambassador to Brazil Held Hostage to Republican Senator’s Intransigence

Nine months after President Barack Obama took office, Washington still lacks two of its ...

Who’s Afraid of Lula?

The International Monetary Fund moved to lock the future government of Brazil into an ...