The travel and tourism industries saw a 22,5% year-on-year decrease of 22,5% in mergers and acquisitions (M&A) during January and February 2024.
A GlobalData report showing the analysis says although the number of mergers and acquisitions and venture financing deals declined, private equity deal volumes increased.
The number of M&A deals declined by 25,8%, whereas venture financing deals registered a YoY decline of 22,2%, traveldailynews.com reports.
While Africa, the Middle East, South America, North America and Europe reported a decline in deals, Asia-Pacific experienced marginal improvement. India, South Korea and Australia reported having increased deal volumes compared with the same period last year.
“Despite this downturn, areas of resilience and opportunity exist, particularly in regions like Asia-Pacific. As markets evolve, identifying pockets of growth and innovation becomes paramount for industry stakeholders," said Aurojyoti Bose, Lead Business Fundamentals Analyst at GlobalData.
