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.”
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.