A total of 72 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing) were announced in the global travel and tourism sector during October 2021, which is a growth of 22% over 59 deals announced in September, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments:
“This is the second consecutive month of growth in deal activity for the sector. As several countries have eased travel restrictions and COVID-19 booster jabs are being rolled out, deal-making sentiments for the sector appear to be improving. However, a surge in COVID-19 cases in some of the key markets may pose further challenges and dent investor sentiment in the coming months.”
Venture financing and M&A deals that were announced in October increased by 61.5% and 33.3% compared to the previous month, respectively, while the number of private equity deals decreased by 31.3%.
“Deal activity improved in key markets such as the US, Australia, Japan, France and South Korea during October compared to the previous month, while markets such as China and India witnessed decline in deal activity.”