Number of travel and tourism sector deals improves in 2022
Deal activity in travel and tourism sector improved by 1.8 per cent in Q1 2022 compared to Q1 2021, finds GlobalData
A total of 289 deals were announced in the global travel and tourism sector during Q1 2022, according to GlobalData, a data and analytics company. An analysis of the company’s Financial Deals Database reveals that this is a growth of 1.8 per cent compared to the 284 deals that were announced in Q1 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, commented: “This growth was driven by improvement in some of the key markets. Meanwhile, several other key markets experienced subdued activity due to prevailing market volatility and uncertainty.”
Mixed results across countries
While markets such as the US, the UK, Japan, India, Germany, and Spain witnessed improvements in deal activity, other markets such as China, Australia, France and South Korea witnessed a decline in deal activity during Q1 2022 compared to Q1 2021.
Bose added: “Similarly, deal activity saw mixed results across different deal types. The number of M&A deals increased by 16 per cent, while the number of venture financing and private equity deals decreased by 14.3 per cent and 22.2 per cent during Q1 2022 compared to Q1 2021, respectively.”