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22.05.2024 - 12:04 / traveldailynews.com / Vicky Karantzavelou
The travel and tourism sector observed a 13.5% decline in deal volume from January to April 2024, with 217 deals compared to 251 in the same period last year.
Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in previous year. This represents a year-on-year (YoY) decline of 13.5% in deals volume during January-April 2024, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in travel and tourism sector remained subdued amid the uncertain market conditions and ongoing geopolitical tensions. Several leading economies including the US and China recorded YoY decline in deal volume.”
An analysis of GlobalData’s Deals Database revealed that the number of deals announced in the US and China declined by 26.4% and 57.1% during January-April 2024 compared to the same period in 2023. Other key markets such as France, Japan and Italy also experienced YoY decline in deal volume. Meanwhile, deal volume for the UK, South Korea, and Spain remained the same.
Similarly, most of the regions experienced subdued deal activity. Deals volume for North America, Asia-Pacific, Middle East and Africa and South and Central America regions registered decline, whereas it remained mostly the same in Europe.
Bose adds: “It was a mixed bag for different deal types under the coverage with M&A and VC deals registering decline while private equity deals volume showcasing improvement during January-April 2024.”
The number of M&A deals and venture financing deals declined by 9.4%, and 31.7%, respectively, during January-April 2024 compared to January-April 2023 while private equity deals volume grew by 37.5%.
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.
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.
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