Thursday, December 22, 2022
Global travel and tourism sector witnessed a 3% decline in deal activity during January to November 2022. A total of 912 deals were announced during the mentioned period over the 940 deals announced during the same period in the previous year, reports GlobalData, a leading data and analytics company.
When we speak of deal activity, it means mergers and acquisitions, private equity and venture financing deals.
Deals under coverage including venture financing deals and private equity deals also witnessed a decline in volume by 26% and 17.8% during January to November 2022 compared to the same period in 2021, respectively, while the number of mergers and acquisitions deals increased by 12.9%.
The overall decline in global deal activity for tourism sector was driven by decline in deals volume for the sector in markets such as China, India and Australia. China, India and Australia witnessed a decline in deals volume by 20.8%, 23.5% and 31.6% during January to November 2022 compared to the same period in 2021, respectively.
Meanwhile, the US, the UK and Japan experienced an increase in deal activity by 2.5%, 10.8% and 9.8%, respectively.
Deals under coverage including venture financing deals and private equity deals also witnessed a decline in volume by 26% and 17.8% during January to November 2022 compared to the same period in 2021, respectively, while the number of mergers and acquisitions deals increased by 12.9%.
Tags: global tourism sector
Sunday, April 28, 2024
Sunday, April 28, 2024
Sunday, April 28, 2024