Travel and Tourism Deals Down Sharply in 2024

Travel and Tourism Deals Down Sharply in 2024
Travel and Tourism Deals Down Sharply in 2024
Written by Harry Johnson

It was a mixed bag for different deal types under the coverage with M&A and VC deals registering decline while private equity deals volume showcasing improvement during January-April 2024.

The travel and tourism sector saw a total of 217 deals being announced in the first four months of 2024, including mergers and acquisitions (M&A), private equity, and venture financing deals. This figure is lower compared to the 251 deals announced during the same period in the previous year, marking a year-on-year decline of 13.5% in deal volume according to industry data.

Deal activity in the travel and tourism sector was affected by uncertain market conditions and ongoing geopolitical tensions, resulting in subdued performance. Major economies such as the US and China witnessed a decline in deal volume compared to the previous year.

An analysis of the Deals Database revealed that the US and China experienced a decrease of 26.4% and 57.1% respectively in the number of deals announced during January-April 2024 compared to the same period in 2023. Similarly, other important markets like France, Japan, and Italy also reported a year-on-year decline in deal volume. On the other hand, the UK, South Korea, and Spain maintained the same level of deal volume.

In contrast, deal activity varied across regions. North America, Asia-Pacific, Middle East and Africa, and South and Central America all experienced a decrease in deals volume, while Europe remained relatively stable. Within the coverage, different types of deals had mixed results. M&A and VC deals saw a decline, while private equity deals showed improvement from January to April 2024. Compared to the same period in 2023, the number of M&A deals decreased by 9.4% and venture financing deals declined by 31.7%. However, private equity deals volume increased by 37.5%.

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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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