A total of 583 deals (mergers and acquisitions (M&A), private equity, and venture financing) were announced in the Travel and Tourism sector during January to October 2024. This marked a year-over-year (YoY) decline of 10.4% compared to the 651 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

Geopolitical tensions and economic uncertainties significantly impacted the deal-making in the travel and tourism sector. However, some of the leading economies in Europe and the Asia-Pacific region saw improvement in the volume of deals. Aurojyoti Bose, Lead Analyst at GlobalData

Europe led in the number of deal announcements during January-October 2024 while also showing a YoY improvement of 7.5% in deal activity. In contrast, North America, Asia-Pacific, South and Central America, and the Middle East and Africa regions saw YoY decline in deal volume by 33%, 6.4%, 20%, and 17.2%, respectively, during January-October 2024.

The US, China, South Korea, and France saw decline in deal volume by 32.2%, 30.2%, 4.8%, and 34.8%, respectively, during January-October 2024, compared to the same period in 2023.

In contrast, the UK, India, Japan and Spain experienced YoY improvement in deal volume by 2.7%, 18.6%, 28.6% and 69.2%, respectively, during January-October 2024.

An analysis of GlobalData’s Deals Database revealed that trend also remained a mixed bag across different deal types. The deal volume for M&A and venture financing deals fell by 4.9% and 29.4%, respectively, during January-October 2024 compared to January-October 2023. Meanwhile, the private equity deals volume saw a slight improvement during the review period.

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.

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

GlobalData | LinkedIn | Twitter

GlobalData Press Office
+44 207 832 4399
GlobalData Plc