Brazil is the Most Touristic Latin American Country

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Latin America has experienced an increase in tourism during the first half of the year. Brazil leads this trend with an 18.8% increase in tourist arrivals compared to the year before. Could now be the time to invest?

During the first half of 2011, Latin American countries have seen a 15% increase in their tourist visitors – three times more than global international tourism growth, research from the World Tourism Organization shows.

Among all the Latin American countries, Brazil has experienced an 18.8% year-on-year increase in tourist arrivals in the first six months of 2011. The Brazilian Ministry of Tourism said the country reached up to 4,351,081 visitors during that period.

Further data by the Business Monitor International (BMI) empowers this trend by forecasting that there will be a 21.5% increase in tourist arrivals to Brazil between now and 2015, which will generate around US$9bn in tourist revenue.

Aside from tourism, international flights to and from the country have also grown in Brazil; as well as the hotel sector.

A country to travel and invest

On top of this, a recent market research company described the Brazilian property market sector as “vibrant and dynamic”. The report, by RNCOS, claimed that by 2014 demand for housing in the country is expected to have reached 1.8 million units.

A combination of reasons, such as the strength of the Brazilian economy and the upcoming 2014 World Cup and 2016 Olympic Games, have been put forward as the causes of the strong level of growth.

Further on this, another study revealed that the state of Rio Grande do Norte (at the north east of Brazil) was the most sought after location by property investors in booming Brazil; according to the independent international property search portal,

The current interest of investors and propriety buyers in Brazil is a trend that is rapidly increasing these days. Indeed, investing and transferring money to Brazil is what more and more people are doing now.

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Brazil is the Most Touristic Latin American Country

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