01 May 2020
Posted in Business Fundamentals
Travel and tourism sector witnessed 71.4% growth in deal activity during week ended 26 April
The number of deals announced in the global travel and tourism sector grew by 71.4% during the week ended April 26, 2020 compared to the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to the COVID-19 outbreak and growth in deal activity during the week (subsequent to a decline in previous week) was due to increase with the announcement of debt offering deals.”
Debt offering deals announcements increased by 116.7% during the week ended April 26, 2020 compared to the previous week. Mergers and acquisitions (M&A) and private equity deal volume remained flat while venture financing deal volume declined.
Deal activity increased in key markets such as the US and South Korea during the week ended April 26, 2020 compared to the previous week, while China witnessed a decline.