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Decline in travel and tourism deal activity in early 2024


GlobalData reports a 13.5% decline in travel and tourism sector deals from January to April 2024 amid uncertain market conditions.

The travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity, and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in the previous year. This represents a year-on-year (YoY) decline of 13.5% in deal volume during January-April 2024, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel and tourism sector remained subdued amid the uncertain market conditions and ongoing geopolitical tensions. Several leading economies including the US and China recorded YoY decline in deal volume.”

An analysis of GlobalData’s Deals Database revealed that the number of deals announced in the US and China declined by 26.4% and 57.1% during January-April 2024 compared to the same period in 2023. Other key markets such as France, Japan, and Italy also experienced a YoY decline in deal volume. Meanwhile, deal volume for the UK, South Korea, and Spain remained the same.

Similarly, most of the regions experienced subdued deal activity. Deals volume for North America, Asia-Pacific, Middle East and Africa, and South and Central America regions registered a decline, whereas it remained mostly the same in Europe.

Bose adds: “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 number of M&A deals and venture financing deals declined by 9.4%, and 31.7%, respectively, during January-April 2024 compared to January-April 2023 while private equity deals volume grew by 37.5%

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George, in his capacity as an intern, diligently oversees the flow of news, assists in the publication of content, and delves into the strategies of social media distribution. He is currently pursuing his studies in Business Administration at the Athens University of Economics and Business.