In January 2023, GlobalData found travel and tourism deal activity was down by 42 percent. There was a decline of 36.8 percent, 50 percent, and 50 percent in the number of merger and acquisition deals, venture financing deals, and private equity deals announced during January compared to the previous month.
“Deal-making sentiment in the global travel and tourism sector appears to have been heavily impacted by current geopolitical tensions and recession fears,” commented Aurojyoti Bose, Lead Analyst at GlobalData. “Deal volume in several leading economies experienced a considerable slowdown, which contributed to the overall decline.”
A total of 38 deals (merger and acquisition, venture financing, and private equity deals) were announced in the sector globally in January 2023. This is a decline of 42.4 percent compared to the previous month.
Global economic conditions that have challenged and implicated travel and tourism sectors generated many declines in deals across major markets, such as the UK, China, Australia, and Japan. GlobalData’s Financial Deals Database revealed these key markets experienced declining deals volume in January 2023.
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