Brazil Tourism Report - Business Monitor International - Industry Reports

Brazil Tourism Report

Brazil Tourism Report - Business Monitor International - Industry Reports
Brazil Tourism Report
Published Aug 30, 2016
27 pages — Published Aug 30, 2016
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Total Arrivals (---------) Total arrivals, --- Total arrivals, ---, y-o-y ---- ---- ----e ----f ----f ----f ----f ----f - -,--- -,--- -,--- --,--- - -.- - -.- -- --.- e/f = BMI estimate/forecast. Source: National sources, BMI Latin America is Brazil s main source market, with more than -.-mn visitors from the region expected to visit in ----, and rising to -.-mn in ----. ...Over the --------- period, arrivals from Brazil s main markets of Europe, Latin and North America are set to remain steady. With North America, arrivals will peak in ----, growing by -.- , before slowing very slightly, growing by -.- in ---- to reach ---,---.We are encouraged by this growth as we believe it indicates that Brazil is becoming a popular tourist destination in its own right, rather than in connection with sporting events Arrivals from Latin America will also be strong, growing by -.- in ---- and then averaging -.- growth for the rest of the forecast period. We note that this moderation is driven in particular by slowing arrivals from neighbouring Argentina, which is the main source market for inbound tourists to Brazil. Arrivals from Europe will remain relatively solid over the medium term, growing by -.- in ---- and -.- in ----, before slowing towards ----.

...We are forecasting tourist arrivals growth of -.- in ----, to -.-mn. This growth figure will be driven by the holding of the Olympic Games in Rio in August ----. As well as a spike of visitors to Rio over the month-long event, we expect international visitors to use Rio as a springboard to visit other parts of Brazil. In this regard, the holding of the World Cup in various locations around Brazil in ---- has publicised some previously less well known areas of the country, and we expect this to reap benefits in terms of visitor arrivals across the country. Beyond ----, we expect arrivals growth to moderate to an average of - per year, reaching -.-mn by ----. Given the current political instability in the country and persistent economic weakness, we are encouraged that arrivals will continue to grow. Despite the economic cost of holding two major sporting events in quick succession, we believe that it has benefited Brazil in terms of highlighting the country s attractiveness as a tourist destination and believe that this will have a long-term impact on the tourist industry.

...� Business Monitor International Ltd Page -- destinations in Latin America are set to slow over the coming years as the region s economy remains weak, so we believe that steady growth in European arrivals to Brazil reflects the country s growing attractiveness as a destination. Argentina is Brazil s main source market, helped by proximity and good transport connections. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Brazil Tourism Report" Aug 30, 2016. Alacra Store. Oct 21, 2016. <>
Business Monitor International - Industry Reports. (2016). Brazil Tourism Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Oct 21, 2016 from <>
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