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Brazilians spend $2 billion on trips abroad in January 2018 alone

The number of Brazilians with an excess of R$1million (US$300,000) in investments grew by over 17,000 in 2017, an increase of 5% year on year.

In January 2018 alone, Brazilians spent $2 billion on trips abroad – 26.7% higher than in the same period of last year. High-spending Brazilians love to travel to celebrate – as of February 22, they had already spent US $1.1 billion on trips to other countries.

In May 2018, the world’s leading event organiser Reed Exhibitions introduces ILTM Latin America to Sao Paulo. ILTM is a portfolio of luxury travel events across the world where the most elite of luxury travel suppliers meet with the high-end travel agents to help them create incredible itineraries for their clients.  Established over 15 years ago, meetings at ILTM events continue to generate hundreds of millions of dollars in sales for luxury travel brands globally.

Taking place 8–11 May at Bienal Pavilion in Sao Paulo, ILTM Latin America – previously known as Travelweek Sao Paulo – will reach not just agents representing Brazilian clients but Latin America’s wealthiest: choosing their guests from 12 regional countries as well as 25 cities across Brazil.

New Brazilian investors emerged from the following locations:

  • Sao Paulo +2.2%
  • Rio de Janeiro +6,9%
  • Minas Gerais & Espirto Santo +6.9%
  • South +7%
  • Centre +13%
  • Northeast +7.1%
  • North +7.4%

Economist Marcos Troyjo, co-director of BRICLab at Columbia University will address ‘The Future of Your Business in LATAM’ at the Opening Forum of ILTM Latin America on 8 May at Palacio Tangara. Observing that no country in the world grew as much as Brazil in the 20th century, he describes Sao Paulo’s specific motto as “non ducor, duco (I am not led, I lead)”, highlighting the fact that all major multinationals have their Brazil offices in Sao Paulo and its inhabitants’ use of cell phones is greater than that of the people of Mumbai.

Simon Mayle, ILTM Latin America Event Director comments: “With more helicopter pads than New York, the region’s wealthy are drawn to Sao Paulo. It is the perfect backdrop and home to ILTM Latin America to which we welcome the most productive luxury travel buyers from Argentina, Chile, Colombia, Mexico, Paraguay, Peru and Uruguay. From Sao Paulo, they can literally travel the world in 4 days, spending millions of dollars on behalf of their clients.”

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.