A total of 583 deals (mergers and acquisitions (M&A), private equity, and venture financing) were announced in the Travel and Tourism sector during January to October 2024. This marked a year-over-year (YoY) decline of 10.4% compared to the 651 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.
Geopolitical tensions and economic uncertainties significantly impacted the deal-making in the travel and tourism sector. However, some of the leading economies in Europe and the Asia-Pacific region saw improvement in the volume of deals. Aurojyoti Bose, Lead Analyst at GlobalData
Europe led in the number of deal announcements during January-October 2024 while also showing a YoY improvement of 7.5% in deal activity. In contrast, North America, Asia-Pacific, South and Central America, and the Middle East and Africa regions saw YoY decline in deal volume by 33%, 6.4%, 20%, and 17.2%, respectively, during January-October 2024.
The US, China, South Korea, and France saw decline in deal volume by 32.2%, 30.2%, 4.8%, and 34.8%, respectively, during January-October 2024, compared to the same period in 2023.
In contrast, the UK, India, Japan and Spain experienced YoY improvement in deal volume by 2.7%, 18.6%, 28.6% and 69.2%, respectively, during January-October 2024.
An analysis of GlobalData’s Deals Database revealed that trend also remained a mixed bag across different deal types. The deal volume for M&A and venture financing deals fell by 4.9% and 29.4%, respectively, during January-October 2024 compared to January-October 2023. Meanwhile, the private equity deals volume saw a slight improvement during the review period.
Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.
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