Travel and tourism sector deal activity down by 12.6% YoY in H1 2024: GlobalData

A total of 347 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the global travel and tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6% compared to the 397 deals announced during the same period in the previous year, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Even though there was a decline globally due to a dent in deal-making sentiments, the trend was a mixed bag across different markets and regions, with some countries contributing to the decline while some experienced improved activity. And the same was the case for the deal types under coverage.”

An analysis of GlobalData’s Deals Database revealed that the volume of M&A deals declined by 7.4% during H1 2024 compared to H1 2023, whereas the number of venture financing deals fell by 29.6% YoY. Meanwhile, private equity deal volume remained at the same level.

North America, Asia-Pacific, the Middle East and Africa, and the South and Central American regions witnessed YoY decline of 31.7%, 14.5%, 11.1%, and 41.7% in deal volume during H1 2024 compared to H1 2023, respectively, whereas Europe saw YoY growth of 11.7% in deal volume.

Similarly, the US, China, Australia, and France witnessed a YoY decline in deal volume by 31.5%, 46.4%, 18.8%, and 40%, respectively, during H1 2024 compared to the same period during the previous year. However, markets such as the UK, India, and Japan saw respective deal volumes grow by 7.9%, 12%, and 18.2% YoY in H1 2024.