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Travel & tourism sector witnessed 31.3% decline in deal activity during week ended May 31 2020

Deal activity also decreased in key markets such as the US and the UK during the week ended May 31, 2020 compared to the previous week.

The number of deals announced in the global travel and tourism sector declined by 31.3% during the week ended May 31, 2020 compared to the previous week, according to GlobalData’s deals database.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to travel restrictions and lockdowns amid coronavirus/COVID-19 pandemic and this is the third consecutive week of decline in deal volume for the sector.”

The announcement of venture financing, private equity, equity offerings and debt offering deals decreased during the week, while mergers and acquisitions (M&A) deal volume increased.

Deal activity also decreased in key markets such as the US and the UK during the week ended May 31, 2020 compared to the previous week.

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

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.

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