According to the latest industry data, the travel and tourism sector witnessed the announcement of 415 deals, including mergers and acquisitions (M&A), private equity, and venture financing transactions, from January to July 2024. This figure represents a year-on-year (YoY) decrease of 10.4% when compared to the 463 deals reported during the corresponding period in 2023.
The activity surrounding deals exhibited a varied landscape across various regions and nations, with certain areas witnessing a decline in deal volume, while others demonstrated positive growth. This trend was similarly reflected in the different types of deals being monitored.
A considerable portion of the decrease can be attributed to North America, where the volume of deals experienced a decline of 30.9% from January to July 2024 in comparison to the same period in 2023. Additionally, the Asia-Pacific region and the South and Central American regions reported year-over-year declines of 16.3% and 42.9% in deal volume, respectively, during the January to July 2024 timeframe.
During the review period, Europe experienced a year-on-year increase in deal volume of 16.8%, as several major markets in the region reported a rise in the number of transactions. In contrast, the deal volume in the Middle East and Africa largely remained stable.
During the period from January to July 2024, significant markets such as the United States, South Korea, China, Australia, and France experienced declines in deal volume of 30.4%, 5.6%, 50%, 27.8%, and 45%, respectively, when compared to the same timeframe in the previous year. Conversely, countries including the United Kingdom, India, Japan, Spain, and Germany saw an increase in deal volume during this period.
Data analysis also indicated a 6.6% decrease in the volume of mergers and acquisitions (M&A) transactions from January to July 2024, in comparison to the same period in 2023. In contrast, the number of venture financing deals experienced a significant decline of 25.4% year-over-year. However, the volume of private equity transactions saw an increase of 21.4%.
