09 Apr 2020
Posted in Business Fundamentals
Deal activity in travel and tourism sector rebounds amid COVID-19 concerns, says GlobalData
A total of 19 deals were announced in the global travel and tourism sector during the week ended 5 April, 2020, compared to eight deals announced during the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The growth in deal activity amid COVID-19 concerns brings a ray of hope for a sector such as travel and tourism, which has been hit badly due to the outbreak. However, it will be interesting to see if the growth persists for the coming weeks.”
Deal activity also improved in key markets such as the US and China.
Bose continues: “The announcement of venture financing and merger and acquisitions (M&A) deals increased during the week ended 5 April, 2020, compared to the previous week. However, the week did not witness any partnership and private equity deals announcements.