GlobalData: Travel and tourism industry deal activity plummets

The travel and tourism industry has witnessed a massive 41% year-on-year decline in deal activity

Jun 20, 2023

The decline in deal activity in the industry indicates dampened sentiments and cautious approach of investors. The ongoing uncertainties and impact of the geopolitical tensions, inflation and recession fears have forced deal makers to adopt a more conservative approach, according to GlobalData.

Key takeaways

  • Merger and acquisitions (M&A) deals volume decreased by 43%;
  • The number of venture financing deals and private equity deals YoY declined by 34% and 44%, respectively;
  • North America experienced a decline of 48% in deals volume during January to May 2023 compared to the same period during the previous year while Europe, Asia-Pacific and South and Central America regions registered decline of 49%, 27% and 36%, respectively.

Get the full story at GlobalData

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