Global travel and tourism sector deal...

Decline attributed to mounting geo-political tensions

According to new research by GlobalData, the worldwide travel and tourism industry experienced a year-on-year decline of 33% from January-November 2023.

An analysis of GlobalData’s Financial Deals Database shows that deal activity suffered setbacks during this period.

GlobalData lead analyst Aurojyoti Bose said: “The global travel and tourism sector persistently exhibited a declining trend in deal activity throughout the year. Geo-political tensions, ongoing wars and associated macroeconomic challenges largely affected the deal-making sentiments in the sector.”

North America witnessed a 43% decline in deals volume during January-November 2023 compared to the same period in the previous year. Similarly, the number of deals announced in Europe, Asia-Pacific, Middle East and Africa and South and Central American regions also fell by 37%, 15%, 21% and 42% respectively YoY during January-November 2023.

Bose added: "All the deal types under the coverage also recorded YoY decline in volume during January-November 2023. For instance, the number of M&A deals declined by 34.6% while the volume of private equity deals and venture financing deals registered YoY decline of 31% and 26.3% respectively."

For more information, visit www.globaldata.com/industries-we-cover/travel-tourism

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