Travel and Tourism Deals Decline 10.9% Worldwide

Travel and Tourism Deals Decline 10.9% Worldwide
Travel and Tourism Deals Decline 10.9% Worldwide
Written by Harry Johnson

Despite the general decrease in deal activity within the travel and tourism industry, the progress observed in regions such as Europe, the UK, India, South Korea, and Germany highlights the sector’s ability to adapt and its potential for strategic investments.

According to the analysts, the travel and tourism sector experienced a 10.9% year-on-year decline in the volume of deals (mergers and acquisitions (M&A), private equity (PE), and venture financing) announced worldwide from January to May 2024.

Despite this decrease, there was an improvement in PE deals, and European markets displayed growth, indicating new prospects for strategic investments.

An in-depth analysis by industry experts unveiled that the total number of deals announced in the global travel and tourism sector dropped from 321 in January-May 2023 to 286 in January-May 2024.

In the period of January-May 2024, there was a decrease of 5.7% in M&A deals and 28.4% in venture financing deals compared to the same period in 2023. Conversely, private equity deals experienced a 9.1% year-over-year growth.

Sentiments surrounding deal-making have been negatively affected in various industries, such as travel and tourism. This impact was widespread across different regions and significant markets.

Notably, there was a decrease in deal volume year-over-year for North America, Asia-Pacific, Middle East and Africa, and South and Central America by 32.3%, 8.2%, 25%, and 40%, respectively.

In contrast, Europe stood out as an anomaly, experiencing a year-over-year growth of 13.4% in deal volume from January to May 2024.

In the period from January to May 2024, there was a decrease in deal volume in major global markets like the US, China, and Australia by 30.4%, 52.2%, and 15.4% respectively compared to the same period in 2023. On the other hand, markets such as the UK, India, South Korea, and Germany experienced an increase in deal activity during this time.

Despite the general decrease in deal activity within the travel and tourism industry, the progress observed in regions such as Europe, the UK, India, South Korea, and Germany highlights the sector’s ability to adapt and its potential for strategic investments. It is crucial for investors to capitalize on these emerging opportunities in order to navigate the changing landscape and foster future growth.

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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