M&A activity in the global travel and tourism sector saw a slight improvement in Q1 2022 compared to Q1 2021, according to analytics company GlobalData.
Mergers and acquisitions, private equity and venture financing deals in the industry rose by 1.8% from 284 in the first quarter of last year to 289 this year.
GlobalData lead analyst Aurojyoti Bose said the growth was driven by improvements in key markets such as the US, UK, Japan, India, Germany and Spain.
Meanwhile, markets such as China, Australia, France and South Korea witnessed a decline in M&A activity due to "prevailing market volatility and uncertainty".
“Similarly, deal activity saw mixed results across different deal types," Bose continued. "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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