DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zkzhxx/the_future_of) has announced the addition of the "The Future of Travel and Tourism in Brazil to 2016" report to their offering.
The Travel and Tourism Competitive Index (TTCI) ranked Brazil as the third-most attractive destination to develop business in the travel and tourism sector in Latin America in 2011. Brazil's travel and tourism sector comprised 5.2% of the nation's GDP in 2011, and accounted for 2.5 million jobs, representing 5.5% of the country's total employment. Of the total jobs created through the sector, 1.6 million were industry specific, while 943,000 were supply chain related. During the review period (2007-2011), the total number of trips, domestic and outbound, undertaken by residents increased from 160.8 million in 2007 to 202.2 million in 2011, registering a CAGR of 5.89%. This growth may be attributed to factors such as a strong economy, rising disposable incomes and government initiatives to improve tourism infrastructure.
Key Highlights
- Brazil receives the fifth-highest volume of foreign tourists in the Americas and second-highest volume in South America after Argentina. As of 2011, the country accounted for a 21.1% share of South America's international visitor arrivals and a 3.5% share of the total inbound tourists to the Americas.
- Brazil has a large domestic tourism industry and is a key market for global tourism. Strong economic growth and rapid urbanization have led to an increase in disposable income among the middle-class population, which is driving domestic tourism. Domestic tourist volume increased from 156 million in 2007 to 196 million in 2011, expanding at a CAGR of 5.87%.
- In terms of inbound tourist arrivals in 2011, Brazil was the second-most visited destination in South America and the third-most visited in Latin America, after Mexico and Argentina. Expenditure by inbound tourists reached historically high levels of US$7 billion during the same year.
- Medical tourism in Brazil is gaining popularity due the country's highly-qualified medical professionals and advanced healthcare technology. Increasing costs in Western countries are encouraging patients to seek medical treatment in low-cost destinations such as Brazil, with the most popular treatments including plastic, cosmetic and reconstructive surgeries.
- Brazil is the world's fourth-largest domestic aviation market in terms of the number of passengers transported on scheduled airlines. The number of total domestic air passengers in Brazil reached approximately 77.4 million in 2011.
- The Brazilian government entered into a number of open skies agreements during 2009 and 2010 to liberalize its air transport policy and attract more foreign tourists into the country.
- Brazil's Ministry of Tourism and the Brazilian Development Bank (BNDES) have created a BRL1 billion (US$544.5 million) line of credit for property upgrades, expansion and new construction, through the Pro-Copa Turismo program.
- The car rental market developed significantly during the review period due to the arrival of foreign car rental companies in Brazil, which forced existing companies to improve the quality of the services they offer.
- The Brazilian travel intermediaries industry is diverse, expanding and changing rapidly. With strong economic and tourism development and an increasing middle-class population, the industry recorded strong growth during the review period.
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Travel and Tourism in Brazil
4 Domestic Tourism in Brazil
5 Inbound Tourism to Brazil
6 Outbound Tourism from Brazil
7 Tourism Economics in Brazil
8 Airlines in Brazil
9 Hotels in Brazil
10 Car Rental in Brazil
11 Travel Intermediaries in Brazil
12 Appendix
Companies Mentioned
- TAM SA
- Gol Linhas Aereas Inteligentes SA
- Azul Linhas Aéreas Brasileiras SA
- Webjet Linhas Aereas SA
- Avianca Brazil
- Hotelaria Accor Brasil S/A.
- Atlantica Hotels International Brasil Ltd
- Blue Tree Hotels and Resorts
- The Hotel Windsor SP
- Transamerica Hotels
- Localiza Rent A Car S.A.
- Unidas SA.
- Hertz Brazil
- Avis Brazil
- Thrifty Car Rental Brazil
- Carlson Wagonlit Travel Brazil
- CVC Brasil Operadora e Agencia de Viagens SA
- American Express Brasil SA
- Avipam Turismo e Câmbio Ltd
- Submarino Viagens
For more information visit http://www.researchandmarkets.com/research/zkzhxx/the_future_of