Travel & Tourism Deal Activity Down by 3.4% Overall in 2022, Reveals GlobalData

GlobalData | January 11, 2023

A total of 1,006 deals* were announced in the global travel and tourism sector during the 2022, which is a decline of 3.4% over the 1,041 deals announced during the previous year, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Geopolitical tensions and economic challenges seem to have impacted deal-making sentiments for the sector. Resultantly, deal activity slowed down in several key markets.” For instance, the US, which also happens to be the top market by deals volume, experienced a 2.8% decline in deal activity in 2022 compared to 2021. Several other key ...