The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282 during the first five of months of 2023, reveals GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in deal activity (Mergers & acquisitions, private equity, and venture financing deals) in the industry indicates dampened sentiments and cautious approach of investors. The ongoing uncertainties and impact of the geopolitical tensions, inflation and recession fears have forced deal makers to adopt a more conservative approach.” All the deal types under coverage registered decline in volume. For instance, merger and acquisitions (M&A) deals volume decr...
Read More
You must be logged in to post a comment.