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(15/05/24)
According to GlobalData, a leading analytics
company, the travel and tourism sector witnessed the
announcement of 217 mergers and acquisitions (M&A), private equity
and venture financing deals between January and April 2024,
compared to 251 deals during the same months in 2023, a
year-on-year decline of 13.5%.
“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 y-o-y declines in deal volumes,” said Aurojyoti
Bose, Lead Analyst at GlobalData. “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 showing
improvement during January-April 2024.”
Aircraft at Nice Airport (NCE) in France. Picture by Steven Howard of TravelNewsAsia.com
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%, respectively, between January and
April 2024, compared to the same period in 2023.
Other key markets such as France, Japan and Italy
also experienced y-o-y declines in deal volumes, whilst the UK,
South Korea, and Spain remained the same.
Similarly, most of regions experienced subdued
deal activity. Deal volumes for North America, Asia-Pacific,
Middle East and Africa and South and Central America regions
registered declines, whereas it remained mostly the same in
Europe.
The number of M&A deals and venture financing
deals declined by 9.4%, and 31.7%, respectively, between January
and April 2024 compared to the same months last year, while
private equity deals grew by 37.5%.
It should be noted that the above numbers can
sometimes change if deals get added to previous months because of
a delay in disclosure.
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