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Brazil Property News: Brazil reports record tourist revenues
8th October 2007 01:40
Brazil has announced that it has achieved record revenues from foreign tourists.
The Brazilian tourism board, Embratur, claims that Brazil is on the way to "breaking new records in foreign tourism and business expo revenues" after it saw massive increases in foreign tourism in August.
Revenue figures of $431 million (£222 million) from foreign tourism were reported for August 2007, which is a 16.03 per cent increase compared to last year’s figure.
The growing tourist industry in Brazil has already accumulated $3.265 billion (£1.6 billion) in the first eight months of this year, which is the industry's best performance to date.
Embratur said in a statement: "The numbers show the perception that there is qualitative progress of the foreign tourists who visit Brazil."
It added that "Brazil has been guaranteeing a consistent revenue growth each month".
The growth reflects the Brazilian government's efforts to form strong tourist links with countries such as China, Japan and South Korea.
Embratur recently announced that Brazil has the potential to attract 995,000 Japanese tourists to the country per year.
Strengthening these ties, the Brazilian government has declared 2008 the official Japanese-Brazilian exchange year to commemorate 100 years of Japanese immigration into the country.
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