Tourism

BUSINESS TOURISM ON THE RISE IN BRAZIL

Enterprise tourism in Brazil grew by 14.7% within the first half of this yr in comparison with the identical interval in 2018. This was reported by the Brazilian Affiliation of Company Journey Companies (Abracorp).

Gross sales of air and highway tickets, resort charges, automotive leases, and company tourism occasions totaled R$5.57 billion (US$1.47 billion). In distinction, within the first six months of final yr, the full revenue was R$four.85 billion (US$1.28 billion).

Carlos Prado, president of Abracorp, mentioned the end result was consistent with the expectations of journey businesses, which had been already forecasting double-digit gross sales development for enterprise tourism. “The end result was good, even with the considerably unfavorable enterprise local weather, with firms nonetheless reluctant to renew investments within the nation,” mentioned Prado.

The biggest section within the Brazilian company tourism, home air journey, grew by 24.eight% within the first half, reaching incomes of R$2.23 billion in whole. Worldwide air tickets gross sales fell by 1.7% to R$1.44 billion.

All in all, 991.7 thousand airline tickets had been issued within the first half of the yr. The typical ticket worth elevated by 17.three% to R$737.22. In tickets, Gol led the market, accounting for 38.7% of whole home flights, adopted by Azul (30.four%). Latam dropped to 3rd place with 25.2% of the tickets issued. Avianca Brasil, which operated till the tip of Might, had a 5.three% stake.

The business is worried about rising airfares, which has inhibited the expansion of enterprise tourism within the first half of the yr. For the second half, the expectation is that there might be an enchancment as airways are increasing their flight provide.

Prado additionally highlighted the sturdy efficiency of highway transport gross sales, which offered a rise of 56.eight% to R$four.6 million “Demand for highway transport has grown vastly, particularly following the cancellation of Avianca flights. And there’s additionally an ideal demand in areas that aren’t served by industrial aviation, resembling some cities within the Northeast, the Midwest and a few locations within the inside of Sao Paulo.

The car rental section grew by 20.6% within the semester, totaling R$76.1 million. Localize led the class with a 62.9% share, adopted by Movida (13.7%), Unidas (three.9%), Hertz (2%) and Avis (zero.7%). The quantity charged per night time rose by 16% to $86 on common. Journey insurance coverage gross sales improve by 77.three% to R$26.9 million.

For the yr, Abracorp estimates a 15% to 16% development within the enterprise tourism gross sales in comparison with 2018, when gross sales totaled R$10.three billion (US$2.73 billion). In the meantime, the nationwide hospitality section elevated by 25.7 % within the semester to R$1.04 billion. The typical every day fee rose by 6.9% to R$246.68 (US$65.three billion).

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