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Brazil Records Highest Growth Forecast in Travel Market

Brazil ranked first in the report published by the Global Business Travel Association (GBTA), with a projected 13.8 percent growth in its travel market.

Vahdet Ayaz

Vahdet Ayaz

·1 min read

Brazil Records Highest Growth Forecast in Travel Market

According to a statement by Embratur, Brazil’s official tourism board, the country is expected to record the highest growth rate among the world’s 15 largest business travel markets, with a projected growth of 13.8 percent in 2026. The report forecasts that business travel spending in Brazil will reach $35.8 billion by the end of the year.

The report also highlighted that factors such as growth in the energy sector and regional stability are supporting the positive outlook across the Americas, with direct implications for the business environment in Brazil and Latin America.

Daily Spending Reaches $875

Embratur President Bruno Reis said in a statement on the report, “Globally, average daily spending per business trip has reached $875. According to the report, accommodation and air travel account for 52 percent of travellers’ total spending. This shows that the country has the infrastructure to meet demand from business travellers. The financial activity generated by this segment has a direct impact on the economy and the production chains of our destinations.”

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