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The global travel and tourism sector saw a total of 289 deals announced during Q1 2022, according to GlobalData, a leading data and analytics company.

This is a growth of 1.8% as against the 284 deals announced in Q1 2021, as per an analysis of the company’s Financial Deals Database.

GlobalData lead analyst Aurojyoti Bose said: “This growth was driven by improvement in some of the key markets. Meanwhile, several other key markets experienced subdued activity due to prevailing market volatility and uncertainty.”

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Markets such as the UK, US, India, Japan, Germany and Spain saw improvements in deal activity, other markets such as Australia, China, France and South Korea saw a decline during Q1 2022 as against Q1 2021.

Bose added: “Similarly, deal activity saw mixed results across different deal types. The number of M&A deals increased by 16%, while the number of venture financing and private equity deals decreased by 14.3% and 22.2% during Q1 2022 compared to Q1 2021, respectively.”

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