travel and tourism sector
Travel and Tourism Sector Deal Activity Down by 13.5% YoY in January-April 2024, Finds GlobalData
GlobalData | May 15, 2024
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. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in travel and tourism sector remained subdued amid the uncertain market conditions and ongoing geopolitical tensions. Several leading economies including the ...
Deal Activity in the Travel & Tourism Sector Down by 2% During February 2022, Finds GlobalData
GlobalData | March 24, 2022
A total 96 deals—comprising mergers & acquisitions (M&A), private equity, and venture financing deals— were announced in the global travel and tourism sector in February 2022, according to GlobalData. The leading data and analytics company notes that this represents a decline of 2% compared to the previous month. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While there is still prevailing uncertainty among deal makers in the sector, deal activity remains a mixed bag across different market and deal types.” The number of M&A deals decreased by 15.9% while the number of venture financing and privat...
Travel & Tourism Industry Sees 1,080 Deals In 2021, Finds GlobalData
GlobalData | February 7, 2022
A total of 1,080* deals were announced in the global travel and tourism sector during 2021, which is an improvement of 1.3% over the 1,066 deals announced during 2020, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel and tourism sector consistently improved month-on-month during the latter half of 2021— though December suffered a setback that could be attributed to the rising number of Omicron cases. Nevertheless, there was a year-on-year improvement globally.” Deal activity improved in key markets such as the US, Australia,...
Deal-Making Activity in the Travel & Tourism Sector Declined by 25.4% During May 2021, Finds GlobalData
GlobalData | June 11, 2021
A total of 53 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during May, which is a decline of 25.4% over 71 deals announced in April, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “May marks the second month of decline in deal activity for the travel & tourism sector after rebounding in March. Considering the spike in COVID-19 cases, it might take a few months to reverse the trend.” The announcement of venture financing and M&A deals decreased by 52.9%...
Tourism Sector to See Skill Shortage Amid Returning Demand, Says GlobalData
GLOBALDATA | April 1, 2021
With a swift vaccination program underway, demand for international tourism has surged in the UK. Travel companies are preparing to tackle this pent-up demand by hiring – in fact, the number of posted job advertisements within the sector increased by approximately 38% in Q1 2021, according to the Job Analytics tool by GlobalData. However, to cope with this ‘new normal’ and ever-changing layers of complexity within the sector, there is an urgent need for experienced, skilled travel professionals. This may be especially difficult at a time when such workers have moved on to other industries. Craig Bradley, Associate Travel Tourism Anal...
Travel & Tourism Companies’ Sentiments Showing Signs of Rebound
GlobalData | September 9, 2020
The travel and tourism (T&T) sector witnessed an uptick in Q3 2020 earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company. Hotel operators’ sentimental growth was influenced by improvements in occupancy rates, while airline companies’ sentiments were largely influenced by enhanced liquidity. Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: “There has been a surprisingly early sentiment rebound in the T&T sector, which has taken a hit due to the COVID-19 pandemic. Companies in this space have been supported by government relief packages, but questions arise...
