A report by GlobalData observed a dip in the sector’s financial activity compared to January
Financial transactions in the travel and tourism sector fell by 2% in February compared to the previous month, according to data analyst GlobalData, with only 96 recorded transactions, including mergers and acquisitions (M&A), private equity and venture financing, being announced.
Commenting on the findings, GlobalData lead analyst Aurojyoti Bose said: “While there is still prevailing uncertainty among deal makers in the sector, deal activity remains a mixed bag across different market and deal types.
“The number of M&A deals decreased by 16% while the number of venture financing and private equity deals increased by 47% and 8%, respectively in February.”
According to Bose, performance across the key markets was also mixed.
He added: “While markets such as the US, China, India and South Korea witnessed a decline in deal activity, other markets such as the UK, Japan and Australia registered growth in February, compared to the previous month.”
For more information, visit www.globaldata.com