During the months of January to November 2024, the travel and tourism sector experienced a total of 649 announced deals encompassing mergers and acquisitions, private equity, and venture financing, marking a decrease of 5.9% from 690 deals recorded in the same period in 2023. An analysis of the deal activity indicates a drop in both mergers and acquisitions as well as venture financing, with the former decreasing by 0.8% and the latter by a substantial 25.3%. In contrast, the volume of private equity deals saw a notable rise of 27.3%.
Insights from the analysis reveal a varied performance across different deal types and geographical regions throughout this period. The regions of North America, the Middle East and Africa, along with South and Central America, experienced significant declines in deal activity, while the Asia-Pacific region faced a smaller single-digit drop. On the other hand, Europe showed robust growth with a double-digit increase in deal volume.
Specifically, North America saw a dramatic decline of 31% in deal volume, while the Middle East and Africa and South and Central America recorded falls of 18.2% and 20%, respectively. Asia-Pacific’s deal volume contracted by 2.3%. In stark contrast, Europe achieved a 15.9% improvement in its deal volume. Notably, certain countries such as the United States, China, South Korea, and France also experienced declines in deal volume of 30.2%, 25.6%, 8.7%, and 25%, respectively. Conversely, the United Kingdom, India, and Japan reported increases in deal activity, growing by 10%, 28.9%, and 44.8%.
It is worth mentioning that historical data may be subject to adjustments should any deals be disclosed retroactively due to reporting delays.
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