* The Confederação Nacional do Comércio de Bens, Serviços e Turismo (CNC), Brazil’s commerce and tourism industry association, has noted that the situaiton in the tourism is improving, but that the sector’s earnings are still 22.8% below what they were in February 2020 – before the coronavirus (Covid-19) pandemic hit – and it is expected to recover more slowly than the services sector as a whole. According to the CNC, the tourism sector has accumulated losses of R$395.6bn (US$75.29bn) since the start of the public health crisis, with losses of R$19bn in June this year. Nevertheless, the outlook for coming months is
“favourable”, says CNC economist
Fabio Bentes, with the tourism sector’s income expected to grow 18.2% by the end of the year.
End of preview - This article contains approximately 131 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options