A total of 649 transactions, encompassing mergers and acquisitions (M&A), private equity, and venture financing, were reported in the travel and tourism sector from January to November 2024. This figure reflects a year-on-year (YoY) decrease of 5.9% compared to the 690 transactions recorded in the same period of 2023.
Further analysis by experts reveals that during January to November 2024, the volumes of M&A and venture financing deals fell by 0.8% and 25.3%, respectively, when compared to the same timeframe in 2023. Conversely, the volume of private equity transactions saw a significant increase of 27.3% YoY during this period.
The activity within the travel and tourism sector exhibited a varied trend across different types of deals during the specified timeframe. Similarly, the trends across various regions and key markets displayed a mixed performance throughout the review period.
While North America, the Middle East and Africa, as well as South and Central America, experienced double-digit declines, the Asia-Pacific region recorded a single-digit decrease. In contrast, Europe experienced a notable double-digit growth in deal volume.
North America, the Middle East and Africa, South and Central America, and the Asia-Pacific regions experienced declines in deal volume of 31%, 18.2%, 20%, and 2.3%, respectively, from January to November 2024 when compared to the same timeframe in 2023. In contrast, Europe recorded a 15.9% increase in deal volume during the same period.
The United States, China, South Korea, and France also faced reductions in deal volume, with decreases of 30.2%, 25.6%, 8.7%, and 25%, respectively, during January to November 2024 compared to the previous year. Conversely, the United Kingdom, India, and Japan saw increases in deal volume of 10%, 28.9%, and 44.8%, respectively.
