In October 2021, travel & tourism deals increased 22 percent

Monday, November 22, 2021

In October 2021, the global travel and tourism sector drew more than 22% deals compared to the previous month.

If we look at September 2021, 59 deals were seen compared to a total of 72 agreements, comprising mergers and acquisitions, private equity and venture financing in October, as per data and analytics company GlobeData.

In October, venture financing and M&A deals increased by 61.5% and 33.3% respectively in comparison to September, as the number of private equity deals dropped by 31.3%.

To quote Aurojyoti Bose, GlobeData lead analyst, “This is the second consecutive month of growth in deal activity for the sector. As several countries have eased travel restrictions and Covid-19 booster jabs are being rolled out, deal-making sentiments for the sector appear to be improving. However, a surge in Covid-19 cases in some of the key markets may pose further challenges and dent investor sentiment in the coming months.”

Bose added: “Deal activity improved in key markets such as the US, Australia, Japan, France and South Korea during October compared to the previous month, while markets such as China and India witnessed decline in deal activity.”

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