Industry Update
Press Release14 May 2020

Travel & tourism deal activity rebounds, growing 22.7% during week ended May 10 2020, finds GlobalData

share this article
1 min
GlobalData

The number of deals announced in the global travel and tourism sector grew by 22.7% during the week ended May 10, 2020 compared to the previous week, according to GlobalData's deals database.

Advertisements

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "The travel and tourism sector is among the worst hit due to coronavirus/COVID-19 and deal activity in the sector has also remained inconsistent since the outbreak. The growth in deal activity during the week (subsequent to a decline in previous week) was primarily due to increase in announcement of debt offering deals."

The announcement of debt offering deals increased by 160% during the week, while mergers and acquisitions (M&A) and venture financing deal volume declined by 57.1% and 33.3%, respectively.

Deal activity increased in the US during the week ended May 10, 2020 compared to the previous week, while India and China witnessed decline.

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

GlobalData | LinkedIn | Twitter

Contact
GlobalData Press Office
Phone: +44 207 832 4399
Send email
Latest News
Advertisements