The travel and tourism sector recorded a total of 54 deals* globally during August 2022, which is a decline of 31.6% compared to the 79 deals announced during the previous month, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database revealed that this is the second consecutive month of decline in deal activity for the travel and tourism sector.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Economic depression in several parts of the world seems to be taking a toll on deal making sentiments in the travel and tourism sector with most of the global markets facing a slowdown.”

Several key global markets such as the UK, Japan, India, Spain, Australia, and Germany witnessed a decline in deal activity in August 2022 compared to the previous month however, the US and China were the notable exceptions. In the US, the deals volume remained at the same level and China registered a slight improvement.

The announcements of mergers and acquisitions (M&A), venture financing and private equity deals declined by 28%, 23.5% and 58.3%, respectively, in August 2022 compared to the previous month.

* Comprising mergers & acquisitions, private equity, and venture financing deals

Note: Historic data may change as some deals may be added to previous months because of a delay in disclosing information to the public domain