What Zika? Rio Olympics to boost tourist arrivals by 7%
This is despite the political, economic and the Zika virus scare surrounding Brazil.
The Rio Olympics is expected to boost Brazil's tourism significantly as inbound arrivals are forecast to increase by 7.2% to 6.3 million in 2016, according to Global Market Research Company Euromonitor International.
This is despite the political, economic and the Zika virus scare surrounding Brazil.
“Despite the political and economic crisis, corruption scandals, the Zika virus and public unrest, Brazil inbound arrivals will see healthy growth in 2016,” states Caroline Bremner, Head of Travel at Euromonitor International. “However, because of the challenges facing the country, we expect more moderate growth than 2014 when Brazil hosted the FIFA World Cup and recorded a 10.6% increase in international arrivals.”
Rio de Janeiro, the Olympic host, is Brazil’s most popular destination for international arrivals and the single Brazilian representative in Euromonitor's Top 100 City Destinations Ranking. Thanks to the FIFA World Cup, Rio went up 12 places in the 2014 ranking, with arrivals growing 56% that year.
“Following a successful 2014, international arrivals to Brazil declined by 2 percent in 2015, with a loss of 124,000 trips, due to the fear surrounding the Zika virus and other factors,” comments Bremner.
“With the Olympic Games, we expect Brazil, and especially Rio de Janeiro, to see an increase in international arrivals in 2016 as the country is an important emerging destination with huge untapped potential over the long term,” concludes Bremner.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:38 PM IST