Travel and tourism deals down by 2% in February

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.”

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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