In August 2024, corporations’ estimated bills for company journey reached R$12.1 billion (about US$2.13 billion), an 8.2% enhance in comparison with the identical interval in 2023. This determine is the best recorded for August for the reason that collection started in 2011.
These insights are from the latest Company Journey Survey (LVC) performed by FecomercioSP. Moreover, the entire for the primary eight months of the yr confirmed development of 4.9% in comparison with the identical interval final yr, leading to an total income of R$82.6 billion (about US$14.55 billion) for the phase.
This revenue displays the market’s ongoing development. The rise in lodging and transportation charges and the rising demand for these companies considerably contributed to the optimistic last stability.
Based on the Brazilian Resort Operators Affiliation (FOHB), the general common reservation costs in Brazilian lodges elevated by roughly 13.4% between August 2023 and 2024. Relating to air transport, the Nationwide Civil Aviation Company (ANAC) reported a fare enhance of 5%.
August is taken into account a good interval for the market, as there aren’t any prolonged holidays. Moreover, it marks the resumption of enterprise actions following the tip of the July trip interval, which tends to accentuate within the second half of the yr, as famous by consultants.
The expansion of the Brazilian financial system considerably contributed to the rise in income for the journey sector in August 2024. Based on the Central Financial institution, Brazil’s GDP grew by 3.1% throughout this era, which inspired the hiring of journey companies.
General, this represents a exceptional achievement for the company journey sector. The file income reached in August highlights the significance of company journey within the nation’s financial dynamics.
“Within the coming months, the market reveals promising prospects. As speculated by GBTA’s CEO, Suzanne Neufang, we’re on monitor to finish the yr with an annual income of R$ 165 billion (roughly US$ 29 billion), which is able to solidify our outstanding place within the international rankings,” added the director.
