A total of 96 deals—comprising mergers & acquisitions (M&A), private equity and venture financing deals—were announced in the global travel and tourism sector in February, according to GlobalData. The data and analytics company notes that this represents a decline of 2% compared to the previous month.
Aurojyoti Bose, lead analyst, GlobalData, said, “While there is still prevailing uncertainty among dealmakers in the sector, deal activity remains a mixed bag across different market and deal types.”
The number of M&A deals decreased by 15.9%, while the number of venture financing and private equity deals increased by 47.1% and 8.3%, respectively, in February.
Deal activities across the key markets were also a mixed bag. While markets such as the U.S., China, India and South Korea witnessed a decline in deal activity, other markets such as the U.K., Japan and Australia registered growth in February, compared to the previous month.