Tourists spend 19 per cent more in Brazil in 2008
Date added: 26th November, 2008 at 10:51 (view all articles from November, 2008)
The credit crunch has failed to put a dent in the amount of money being spent by tourists in Brazil in 2008, new statistics have suggested.
Central Bank of Brazil figures show that between January and October this year expenditure from foreign holidaymakers was up 19.01 per cent to $4.813 billion (£3.12 billion).
This total is $140 million less than the overall spend for the whole of 2007, making it almost certain that 2008 will be a record-breaking year for the Brazilian tourist industry.
In October, expenditure of $436 million was recorded, an increase of 9.78 per cent on the same month from last year.
Referring to this statistic, Jeanine Pires of the Brazilian Tourism Institute commented: "Brazil had an increase of ten per cent in revenues from international tourism and that leads us to bet on a good final result for 2008."
By comparison, Hawaii - which also announced its tourism spending statistics this week - suffered a decrease in holidaymaker expenditure from $970 million to $845 million, the Associated Press reported.
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