Brazilian tourism sector growth should be 5.1% up to 2023

Published on March 1, 2013, 12:33 pm

According to calculations of the WTTC (World Council of Tourism and Travel), considering the increasing number of foreign tourists in the country, the tourism sector in Brazil must have an average growth of 5.1% per year until 2023.
It is estimated that the main reason for the growth is the rise of the middle class.

Another important fact revealed by WTTC is that Brazil will be the first, among 184 countries, in increase in revenues with spending by foreign tourists. The number of foreign visitors, as forecast, is expected to reach 14.7 million in 2023, while the number is estimated at 6.7 million for 2013.

The sector is expected to bring in revenues of R$ 259.1 billion, with a share of 3.7% in GDP.

If the estimate is confirmed, the growth of tourism in Brazil will exceed the average global tourism for that period, which should be 4% per year.

However, research also emphasized the need for the country to adapt its infrastructure such as airport capacity

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