Tourism loses $9.7 bn in the pandemic, says FecomercioSP

The tourism sector in Brazil lost R$51.5 billion ($9.7 bn) in revenues during the covid-19 pandemic, between March and November 2020, according to a survey conducted by FecomercioSP (Federation of Trade in Goods, Services and Tourism of the State of São Paulo). The loss represents a 33.4% decrease in the sector’s revenues compared to the same period in 2019. According to the Federation, the results were mainly driven by the performance of the airline industry, which lost 50.5% of its annual revenues.

Source: R7