Aurojyoti Bose, lead analyst at GlobalData, comments: “The travel and tourism sector deal activity showcased a mixed trend across the different deal types during the specified timeframe. And similarly, the trend across different regions and key markets remained a mixed bag during the review period.”
A total of 649 deals [mergers and acquisitions (M&A), private equity and venture financing] were announced in the travel and tourism sector during January to November 2024, which represents a y-o-y decline of 5.9% compared to the 690 deals announced during the same period in 2023, reveals GlobalData, a leading data and analytics company.
GlobalData's Deals Database analysis further indicates that compared to the January-November 2023, the M&A and venture financing deal volumes decreased by 0.8% and 25.3%, respectively, during the January-November 2024. Meanwhile, private equity deals’ volume experienced a 27.3% y-o-y increase during the same timeframe.
