Saturday, August 24, 2024 From January to July 2024, the Worldwide travel and tourism sector witnessed a marked decline in deal activity, with notable reductions in key markets including the United States, South Korea, China, Australia, and France. The latest industry data reveals that 415 deals, encompassing mergers and acquisitions (M&A), private equity, and venture financing transactions, were announced during this period, reflecting a 10.4% year-on-year decrease compared to the 463 deals reported during the same timeframe in 2023.
The decline in deal activity varied across regions. North America experienced the most significant reduction, with a 30.9% drop in deal volume compared to the previous year.
Similarly, the Asia-Pacific region and the South and Central American regions saw year-on-year declines of 16.3% and 42.9%, respectively.
Conversely, Europe bucked the trend with a 16.8% increase in deal volume, driven by a rise in transactions across several major markets in the region. Meanwhile, the Middle East and Africa regions maintained a stable level of deal activity.
In terms of individual markets, the United States saw a 30.4% decline in deal volume, while South Korea, China, Australia, and France experienced drops of 5.6%, 50%, 27.
8%, and 45%, respectively. On the other hand, countries like the United Kingdom, India, Japan, Spain, and Germany recorded increases in deal activity during the same period. The data also highlighted a 6.
6% decrease in M&A transactions from January to July 2024, compared to the same period in 2023. Venture financing deals saw a more significant decline of 25.4% year-on-year, whereas private equity transactions experienced a 21.
4% increase in volume. This varied landscape of deal activity reflects the complex and evolving nature of the global travel and tourism sector in 2024..
