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Tourist trade hits a record high in Brazil

Saturday, May 31, 2008

The Brazil-Arab News Agency has cited the official data from the Brazilian Central Bank which revealed that till November 2007, foreign visitors spent £2.3 billion in the country. This is an all-rime record and it is 3.89% increase when compared to the same period in the previous year.

According to Embratur, the country's tourism institute has said that the tourist market has grown by 15.22 per cent in the last year.
Brazil tourists
The overall increase in visitor numbers was found to have had a positive impact on tourism revenue. This could potentially boost its appeal among foreign property buyers, predominantly those who want to invest in rental accommodation aimed at tourists.

Brazilian government is actively trying to attract overseas investors through various means, such as campaigns to promote tourism and investing in infrastructure improvements. Brazilian tourist authorities launched a $6 million promotional campaign in 2007 in various media, including print publications and the internet.

Foreign Property Buyer website has recently stated that Brazil tourist market is on the rise and the increasing house prices make it ripe for investment. The website has suggested that promising holiday resorts would be particularly good options for investment in rental accommodation.

Furthermore, football World Cup in 2014 which is hosted by Brazil is likely to raise the profile of the country, potentially resulting in numerous economic benefits.

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posted by EstatesNewz, 11:43 PM

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