Travel and Tourism deal activity dips 3.4% in 2022

Travel and Tourism deal activity dips 3.4% in 2022
Travel and Tourism deal activity dips 3.4% in 2022
Written by Harry Johnson

Geopolitical tensions and economic challenges seem to have impacted deal-making sentiments for the Travel & Tourism sector in 2022.

According to Travel & Tourism market analysts, a total of 1,006 deals* were announced in the global travel and tourism sector during 2022, which indicates a decline of 3.4% over the 1,041 deals announced during the previous year.

Geopolitical tensions and economic challenges seem to have impacted deal-making sentiments for the Travel & Tourism sector in 2022.

Resultantly, deal activity slowed down in several key markets.

For instance, the USA, which also happens to be the top market by deals volume, experienced a 2.8% decline in deal activity in 2022 compared to 2021.

Several other key global markets also experienced a negative shift in deals volume, which contributed to the overall decline.

China, India, Australia and Spain witnessed a decline in deals volume by 5.7%, 25%, 17.9% and 2.9% in 2022, respectively, compared to the previous year.

Meanwhile, the UK, Germany, France, and Japan managed to register growth in deals volume by 15.8%, 33.3%, 3.7% and 10.9% during 2022 compared to 2021, respectively.

Deals under coverage including venture financing and private equity deals witnessed declines of 23.7% and 21.8% during 2022 compared to 2021, respectively, while merger and acquisition deals volume increased by 10.7%.

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

About the author

Harry Johnson

Harry Johnson has been the assignment editor for eTurboNews for mroe than 20 years. He lives in Honolulu, Hawaii, and is originally from Europe. He enjoys writing and covering the news.

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