Carnival 2020 generated a little over R$1.4 billion in tourism-related activities this year, according to the first official data from the National Confederation of Trade in Goods, Services and Tourism (CNC).
For this year of 2020, the revenue, if confirmed, represents a real increase of 1% in relation to that obtained in the same period last year and, in addition, it is the highest volume since 2015.
The information is according to the CNC, which concluded that “the gradual recovery of economic activity, combined with low inflation” tends to reflect in the moderate recovery of tourist services.
Furthermore, the strengthening of the dollar against the real will likely favor a greater internal flow of tourists and other investors at this best time of year for the Brazilian economy.
Carnival 2020 – more information
The Ministry of Tourism estimates that at least 36 million Brazilians will spend the holiday in the country's six main carnival destinations and in the Federal District.
Furthermore, the CNC highlights that eating out is one of the sectors that has seen the greatest growth this year, such as bars and restaurants (generating around R$4.8 billion).
Profit at Carnival 2020
Road passenger transport companies also generated significant turnover, in the road vehicle rental sector (total of R$1.3 billion) but also accommodation services in hotels and guesthouses (R$861.3 million).
Together, these segments accounted for 88% of the 2020 Carnival revenue. However, in Rio, the financial turnover was R$ 2.68 billion, followed by São Paulo with R$ 1.94 billion.
Approximately 25 thousand temporary workers were hired during Carnival 2020, between January and February of this year 2020 – the largest contingent since 2014.
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