Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
April 3, 2020

Travel and tourism sector deal activity declines due to Covid-19

The number of deals announced in the global travel and tourism sector declined by 60% during the week ended 29 March 2020 compared to the previous week, according to GlobalData’s deals database.

The number of deals announced in the global travel and tourism sector declined by 60% during the week ended 29 March 2020 compared to the previous week, according to GlobalData’s deals database.

The continued subdued activity could be attributed to volatile market conditions because of the coronavirus (COVID-19) outbreak, which has affected the travel and tourism sector badly.

GlobalData analyst Aurojyoti Bose said: “Deal activity plunged in most of the key markets such as the US, Japan, South Korea and India during the week ended March, 29, 2020 compared to the previous week.

“Most of the key deal types also witnessed a decline in volume during the week ended March, 29, 2020 compared to the previous week. While mergers and acquisitions (M&A) deals volume declined by 42.9%, the number of venture financing deals dropped by 80%. Moreover, there were no announcements of any private equity deals during the week ended March, 29, 2020.”

Related Companies

Content from our partners
Untapped: How Turks and Caicos is primed for tourism investment
Untapped: How Turks and Caicos is primed for tourism investment
LG smart hospitality solutions in a post-COVID era

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU