Carnival will have revenues of approximately R$ 8 billion according to CNC

O carnival is already arriving and many people are already prepared for the revelry. Several of them will travel on that date and those who don't will probably venture into the blocks of their own city. The only thing that is really certain is that all this joy will certainly move a lot of money. Restaurants, bars, hotels, inns, hostels and bus stations will be some of the most popular establishments for the revelers.

The National Confederation of Trade in Goods, Services and Tourism (CNC) said, this Monday, 3rd, that revenues during the festive season will be R$ 8 billion. This number represents an increase of 1% from the number seen in the same period last year. Do you want to know more about data related to revenues at Carnival this year? Then keep reading our article!

More details on revenue for the 2020 Carnival

According to the CNC, activities related to tourism will benefit greatly from this year's carnival. This is because the festivities will make them reach the highest number of revenues since 2015.

The Confederation presented some factors as justification for this billing. According to her, one should take into account the progressive recovery of the country's economy and low inflation. This is the ideal scenario for the moderate recovery of tourist activity.

The CNC also mentioned the currency devaluation of 10% in recent months. According to the entity, this factor will favor spending on tourism in the Brazilian territory.

It is still worth presenting what are the forecasts related to the billing of some specific segments. It is expected that the food away from home branch (composed of establishments such as bars and restaurants) will move R1TP4Q 4.8 billion.

The segment related to transport companies (road and air) should move R$ 1.3 billion. Hosting, in turn, should put in motion R$ 861.3 million.

The CNC also indicated its expectation that 25,400 people will be hired to work temporarily in the months of January and February. This number represents an increase of 2.8% in the number of 2019. At the time, 24.7 thousand temporary workers were hired.

Final considerations

Having said that, we News Report we hope you understood why the carnival will have a large billing this year. Comment if you are excited for the revelry and if you will contribute to the expenses that will be made during the festivities. Be sure to also read the other articles published on this blog. We will always keep you updated on the main news about the economy of the country and the world.

 

Source: R7