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Travel and tourism sector witnesses growth in deal activity during the week ended April 12

Deal activity increased in key markets such as the US and Australia.

The number of deals announced in the global travel and tourism sector increased by 21.1% during the week ended April 12, 2020 compared to the previous week, according to GlobalData’s deals database.

Aurojyoti Bose, Analyst at GlobalData, comments: “Growth in deal activity for the sector, which has been hit badly due to the COVID-19 outbreak, was due to growth in the number of debt offering deals.

“Moreover, the week also witnessed the announcement of two partnership and private equity deals each in contrast to the previous week, which did not have any announcements of such deals.”

Other key deal types such as venture financing and merger and acquisitions (M&A) deals decreased by 33.3% and 37.5%, respectively, during the week ended April 12, 2020 compared to the previous week. On the other hand, equity offerings deal volume remained at the same level.

Deal activity increased in key markets such as the US and Australia.

Tatiana Rokou

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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