09 Feb 2021
Posted in Business Fundamentals
Travel & tourism sector witnessed 29.6% decline in deal activity during January 2021
A total of 57 deals were announced in the global travel and tourism sector during January 2021, which is a decrease of 29.6% over 81 deals announced in December 2020, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector has been one of the hardest hit by the COVID-19 pandemic with ongoing lockdowns in some of the key markets and travel restrictions bringing business travels mostly to a halt. Resultantly, deal-making appetite also remains muted.”
The number of equity offerings, venture financing, mergers and acquisition (M&A), and private equity deals decreased during January 2021 compared to the previous month, while debt offerings deal volume increased.
Deal activity decreased in key markets such as the US, the UK, China and South Korea during January 2021 compared to the previous month.