A total of 73 deals* were announced in the global travel and tourism sector during July 2022, a decline of 39.2% over 120 deals announced in June 2022, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: Deal-making activity in the travel and tourism sector has remained inconsistent throughout 2022, with some months experiencing an improvement followed by a decline. Markets including the US and the UK witnessed a decline of 51.3% and 42.1% in deals volume in July 2022 compared to June 2022, respectively.
Many of the key global markets in the travel and tourism sector witnessed a downturn in deal activities in July 2022. The number of M&A deals declined by 42.9%, venture financing by 37.5% and private equity by 16.7% in July compared to June 2022. The announcements of mergers and acquisitions (M&A), venture financing and private equity deals decreased in July.
The deal activity also remained subdued for other markets such as India, Spain, China, France, and Germany.
* Comprising mergers & acquisitions, private equity, and venture financing
Written by: Jill Walsh
