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Global travel and tourism sector deal activity fell by 14 9% YoY in Q1 2024, reveals GlobalData
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Global T&T sector deal activity fell by 14 9% YoY in Q1: GlobalData
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Article - Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData - Travel and tourism sector witnessed the announcement of 165 deals globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according to GlobalData.
Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same period in the last year.
According to data sourced from Bloomberg, Indian companies reported deal value worth $23.5 billion between January and March 22, 2023.
Data Infrastructure Trust s acquisition of American Tower Corporation s India telecom towers business for $2.5 billion was the top deal for the ongoing quarter so far, followed by the Highway Infrastructure Trust s acquisition of PNC Infratech s road projects for $1.08 billion.
China Startups Secure $6 4B In VC Funding In First 2 Months Of 2024 - Research Report
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