Thu, 16 September 2021 |
GlobalData Reports Decline in Travel and
Tourism Sector Deals in August
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GlobalData reports that deal-making activity in the
travel and tourism sector declined by 17.4% in August 2021.
A total of 57 deals - comprising mergers &
acquisitions, private equity, and venture financing - were
announced in the global travel and tourism sector during the
month, which is a decline of 17.4% on the 69 deals announced in
July.
The announcement of venture financing, private
equity and mergers and acquisition deals in August decreased by
4.3%, 20% and 24.4%, respectively, when compared to the previous
month.
Deal activity decreased in key markets such
as the US, UK, India and Australia in August compared to
the previous month, while China witnessed an improvement in deal activity.
Aurojyoti Bose, Lead Analyst at GlobalData, said,
“August marks the second consecutive month of decline in deal
activity for the travel and tourism sector after rebounding in
June. The subdued deal activity could be attributed to dampened
deal-making sentiments as uncertainty due to the COVID19 pandemic
still looms.”
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