Global data revealed that the travel and tourism sector witnessed the announcement of 93 deals globally during the first two months of 2024, a year-on-year decrease of 22.5% compared to the announcement of 120 deals during the same period in 2023, as revealed by Global Data, a leading data and analytics company.
Analysis of the Global Data Deals Database reveals that the number of M&A and project finance deals decreased while the volume of private equity deals showed an improvement during the period. The number of M&A deals decreased by 25.8 per cent, while the volume of project finance deals recorded a year-on-year decline of 22.2 per cent.
Meanwhile, the volume of private equity deals increased from four January-February 2023 to six January-February 2024.