Travel and tourism deals fell by 13.5% in early 2024 with only 217 transactions. Geopolitical tensions and uncertain market conditions impacted major economies like the US and China.
T&T sector deal activity down by 13.5% yoy during Jan-April: GlobalData travelbizmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelbizmonitor.com Daily Mail and Mail on Sunday newspapers.
Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in previous year. This represents a year-on-year (YoY) decline of 13.5% in deals volume during January-April 2024, according to GlobalData, a leading data and analytics company.
In the global automotive industry, there were 4 M&A deals announced in Q1 2024, worth a total value of $0.4m, according to GlobalData's Deals Database.