Brazil expects tourism windfall from CarnivalStaff Writer | February 25, 2017
Brazil's most famous celebration, Carnival of Brazil, which began on Friday and will last until March 1, is expected to bring $1.86 billion.
LatAm Rio de Janeiro is expected to see 1.1 million tourists
Both cities compete to get more tourists and be named the biggest party in the world.
According to the CNC, over 85 percent of the economy that drives the carnival is related to the sectors of food, transport and lodging industries.
The bar and restaurant sector alone could see an income of $1.2 billion hile accommodation could get $210 million.
The states of Rio de Janeiro and Sao Paulo, both in Brazil's southeast, are predicted to be the biggest winners, claiming 68.2 percent of the economic boom.
Rio de Janeiro is expected to see 1.1 million tourists arriving for the Carnival, 10 percent more than last year, according to its state tourism company, Riotur. ■