Global travel & tourism deal activity down by 3% YoY during January to November 2022, finds GlobalData

A total of 912 deals* were announced in global travel and tourism sector during January to November 2022, which is a decline of 3% over the 940 deals announced during the same period in the previous year, finds GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: A decline in deal activity for the travel and tourism sector indicates the impact rising oil prices, inflation, geopolitical tensions and an uncertain business environment are having on deal-making sentiments.

A decline in deals volume for the sector in markets such as China, India and Australia drove the overall decline in global deal activity for the sector. China, India and Australia witnessed a decline in deals volume by 20.8%, 23.5% and 31.6% during January to November 2022 compared to the same period in 2021, respectively.

Meanwhile, the US, the UK and Japan experienced an increase in deal activity by 2.5%, 10.8% and 9.8%, respectively. However, the improvement was not enough to negate the impact of decline experienced in other markets.

Deals under coverage including venture financing deals and private equity deals also witnessed a decline in volume by 26% and 17.8% during January to November 2022 compared to the same period in 2021, respectively, while the number of mergers and acquisitions deals increased by 12.9%.

*Comprising mergers & acquisitions, private equity and venture financing deals.

• Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
• The information is based on GlobalData’s Financial Deals Database
• Historic data may change as some deals may be added to previous months due to a delay in disclosing information to the public domain
• This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

Media Contact

GlobalData Press Office

[email protected] +44 207 832 4399