Brazilian tourism ‘moving towards realising enormous potential’
Brazil’s tourism industry is set to realise its enormous potential following the award of the 2016 Olympic Games, according to a new report.
Commenting on the Brazil Tourism Report Q1 2010, CompaniesandMarkets.com said that the trend in potential Brazilian property investors over recent times has been erratic but unquestionably upwards.
The report said that there were 7.2 million inward bound visitors to the South American country in 2007, with this figure expected to rise by a further two million by 2014.
Economic figures are also heading in the right direction for Brazil, with CompaniesandMarkets.com stating that an inflation rate of 4.8 per cent year-on-year is favourable for the country’s social stability rating.
"We believe that Brazil’s economy has a lot going for it, ranging from an enviable array of commodity resources, such as soy, sugar, iron ore, steel and hydrocarbons (our oil and gas team expects Brazil to become a net exporter of oil by 2011), to a highly promising consumer segment," the source added.
Earlier this month, Toby Simcox of the International Homes Network said that Brazilian property was a "huge hotspot" for 2010.
