Deal Activity in the Travel and Tourism Sector Increased by 39.6 Per Cent in June 2021: GlobalData
A total of seventy-four deals (comprising mergers and acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June, according to GlobalData, a leading data and analytics company. GlobalData reveals that this is an increase of 39.6 per cent compared to the fifty-three deals announced in May.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel & tourism sector showed signs of recovery in June, following a decline during the past few months. The growth in deal activity for a sector that has been hit badly due to lockdown and travel restrictions amid the COVID-19 pandemic, could be a positive sign for the coming months.”
All the deal types (under coverage) also witnessed growth in deal volume in June compared to the previous month. While merger and acquisitions deal volume increased by 26.5 per cent, the number of private equity and venture financing deals increased by 9.1 per cent and 137.5 per cent, respectively.
Deal activity also showcased improvement in key markets including the US, the UK, China, Germany and Spain, while India witnessed decline in deal activity.