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Brazil tourism sets new record for international tourist spending
Brazil earned $5.4 billion in foreign exchange inflows from international tourists between January and September 2024, the highest amount ever.
According to the new data released by the Central Bank, this total is 8% higher than the same period in 2023 and 1.8% higher than the corresponding period in 2014.
This was the year Brazil hosted the FIFA World Cup.
This increase in tourism revenue also represents 78.2% of the total foreign exchange brought into the country in 2023, which reached US$ 6.9 billion, setting a previous record.
Notably, the US$ 5.4 billion brought in during the first three quarters of 2024 is 20% higher than the same period in 2019, pre-pandemic.
Marcelo Freixo, President of Embratur, hailed the record tourism revenues.
“The money brought in by international visitors goes directly into our local communities, benefiting everyone from waiters and taxi drivers to street vendors on the beach. It’s an economic boost that supports jobs and income at the grassroots level”, he said.
Freixo also credited the success to the joint efforts of Embratur and Brazil’s tourism sector, noting that the country has consistently broken records in 2024.
September saw the highest number of international tourist arrivals ever recorded, 26% higher than in September 2023.
The cumulative arrivals from January to September were also 12% higher than the previous year, Freixo added.
“Embratur and the tourism trade have been working together, using data-driven strategies to promote Brazil abroad. These results are the outcome of a collaborative effort.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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