A total of 912 deals* were announced in global travel and tourism sector during January to November 2022.

This is a decline of 3% over the 940 deals announced during the same period in the previous year, according to the latest data from industry analysts.

A decline in deal activity for the travel and tourism sector indicates the impact rising oil prices, inflation, geopolitical tensions and an uncertain business environment are having on deal-making sentiments.

A decline in deals volume for the sector in markets such as China, India and Australia drove the overall decline in global deal activity for the sector.

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 USA, the UK and Japan experienced an increase in deal activity by 2.5%, 10.8% and 9.8%, respectively.

However, the improvement was not enough to negate the impact of decline experienced in other markets.

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%.

*Comprising mergers & acquisitions, private equity and venture financing deals