Markets such as the US, the UK and South Korea witnessed decline in the number of deals that were announced during January compared to the previous month.
A total of 73 deals* were announced in the global travel and tourism sector during January 2022, which is a decline of 27% over the 100 deals that were announced in December 2021, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Just when deal activity in the travel and tourism industry started to recover during the latter half of 2021, deal-making sentiments took a hit in January due to the Omicron variant. There is still uncertainty prevailing among deal-makers in the sector.”
All the deal types (under coverage) witnessed decline in deal activity. The announcements of mergers and acquisition (M&A) deals, venture financing and private equity deals decreased by 30%, 23.5% and 15.4% during January 2022 compared to December 2021, respectively.
Deal activity also remained subdued in most of the key markets. For instance, markets such as the US, the UK and South Korea witnessed decline in the number of deals that were announced during January compared to the previous month.
*Comprising mergers & acquisitions, private equity, and venture financing.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
