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Travel and tourism deal-making activity down almost 7% in July

Travel and tourism deal-making activity down almost 7% in July
Travel and tourism deal-making activity down almost 7% in July
Written by Harry Johnson

Deal activity remained at the same level in key markets such as the USA, the UK and China, while India and Australia witnessed an improvement in deal activity.

  • Deal activity in the travel and tourism sector still remains inconsistent.
  • June showed some signs of recovery following a decline during the past few months.
  • The rebound in deal activity could not be sustained for long.

A total of 69 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during July 2021, which is a decline of 6.8% over 74 deals announced during the previous month.

Travel and tourism deal-making activity down almost 7% in July

Deal activity in the travel and tourism sector still remains inconsistent. While June showed some signs of recovery following a decline during the past few months, the rebound in deal activity could not be sustained for long with July again reversing the trend. This could be attributed to prevailing travel restrictions and unfavorable market conditions for the sector in some countries.

The announcement of private equity and M&A deals decreased by 58.3% and 4.7% during July compared to the previous month, respectively, while the number of venture financing deals registered a growth of 21.1%.

Deal activity remained at the same level in key markets such as the USA, the UK and China, while India and Australia witnessed an improvement in deal activity. Meanwhile, Germany, Spain and the Netherlands experienced a decline in deal activity in July as compared to last month.

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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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