Tourism revenue drops 77% due to coronavirus

Profits from the tourism and transportation sector fell 77.2% in the city of São Paulo due to the advance of the new coronavirus, according to data from Cielo released on Monday (16). The result is nominal, without considering the inflation for the period and compares the periods from 9 to 15 March 2020 against the same period in 2019. In the total, retail decrease 13.9%, according to Cielo data. While tourism fell, the drugstore and pharmacy segments and the supermarket segment rose 30.2% and 19.2%, respectively.

Source: Folha