Deal activity in travel and tourism sector continues to remain subdued

The number of deals announced in the global travel and tourism sector decreased by 60% during the week ended March, 29, 2020 compared to the previous week, according to GlobalData’s deals database.

The travel and tourism sector has been affected badly since the outbreak of the coronavirus (COVID-19) and the subdued activity could be attributed to volatile market conditions as a result of the outbreak.

Aurojyoti Bose, Analyst at GlobalData, comments: “Deal activity plunged in most of the key markets such as the US, Japan, South Korea and India during the week ended March, 29, 2020 compared to the previous week.

“Most of the key deal types also witnessed a decline in volume during the week ended March, 29, 2020 compared to the previous week. While mergers and acquisitions (M&A) deals volume declined by 42.9%, the number of venture financing deals dropped by 80%. Moreover, there were no announcements of any private equity deals during the week ended March, 29, 2020.”

Media Enquiries

If you are a member of the press or media and require any further information, please get in touch, as we're very happy to help.



DECODED Your daily industry news round-up

This site is registered on wpml.org as a development site.