Rio 2016: Half a million tourists expected in Brazil for Olympic Games

THE BRAZILIAN GOVERNMENT has said it expects approximately 500,000 additional foreign visitors to come to #Rio de Janeiro for the #OlympicGames. The Central Bank of #Brazil estimates that the delegations and tourists in Rio for the games will leave behind revenue worth US$200 million. 

The bank says its estimate was made based on the statistics from the last three Olympics: Athens 2004, Beijing 2008, and London 2012, but it also noted that the expected windfall will be lower than the $900 million dollars of revenue seen nationwide as a result of the 2014 World Cup.

The bank said that while the Olympics would lead to a ‘small impact on tourism at first, they would contribute to more tourists coming to the country in the future, especially Rio de Janeiro.

It reported foreign tourists spent US$3.15 billion in Brazil in the first half of 2016, $210 million more than that in the same period last year.

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