Brasilia, Feb 7 (IANS) Tourism revenue during the Brazilian Carnival is expected to hit 5.8 billion reais ($1.8 billion), a government report said.
The report, issued on Monday by the National Commerce Confederation (CNC), showed that food and beverage services in bars and restaurants are projected to bring in around 57 per cent of the income, followed by hotels and transportation, Xinhua news agency reported.
However, the total volume of income expected from the Carnival in 2017, which will last from February 24 to March 1, is 5.7 per cent lower than last year and the worst prediction in the past three years.
Rio de Janeiro, host of the largest carnival, will receive the largest boost to its income, estimated at 2.4 billion reais ($770 million), followed by Sao Paulo, with 1.5 billion reais ($480 million), the report said.
The two states will claim 68 per cent of the tourism revenue during the Carnival celebrations, with large parades also staging in the southern state of Minas Gerais and the northeastern states of Bahia, Ceara and Pernambuco, it added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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