ΔΙΕΘΝΗΣ ΕΛΛΗΝΙΚΗ ΗΛΕΚΤΡΟΝΙΚΗ ΕΦΗΜΕΡΙΔΑ ΠΟΙΚΙΛΗΣ ΥΛΗΣ - ΕΔΡΑ: ΑΘΗΝΑ

Ει βούλει καλώς ακούειν, μάθε καλώς λέγειν, μαθών δε καλώς λέγειν, πειρώ καλώς πράττειν, και ούτω καρπώση το καλώς ακούειν. (Επίκτητος)

(Αν θέλεις να σε επαινούν, μάθε πρώτα να λες καλά λόγια, και αφού μάθεις να λες καλά λόγια, να κάνεις καλές πράξεις, και τότε θα ακούς καλά λόγια για εσένα).

Δευτέρα 17 Ιουλίου 2023

Travel and tourism deal activity down 38.8% in H1 ’23

 A total of 365 deals (mergers & acquisitions, private equity and venture financing deals) were announced in the travel and tourism sector globally during the first half of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, revealed GlobalData, a data and analytics company.

An analysis of GlobalData’s Financial Deals Database also showed that all the deal types under coverage witnessed a decline in deal activity. The numbers of mergers and acquisitions (M&A), private equity and venture financing deals declined by 41.6%, 33.3% and 30.4%, respectively, year-on-year (YoY) during H1 2023 compared to H1 2022.

“Several global economies are experiencing distressed deal activity in the travel and tourism sector,” said Aurojyoti Bose, lead analyst, GlobalData. “There are several factors affecting the deal activity and notable among them include rising interest rates, looming fear of recession and the ongoing geopolitical tensions.”

Europe region accounted for the highest share of the number of deals announced in the travel and tourism sector globally, followed by Asia-Pacific, North America, Middle East and Africa and South and Central America.

While Europe witnessed 46% YoY decline in deal volume, Asia-Pacific, North America, Middle East and Africa and South and Central America regions witnessed a decline in deals volume by 19%, 47.6%, 20% and 23.1%, respectively, during H1 2023 compared to H1 2022.

Several key markets recorded slowdown in travel and tourism sector-related deal activity during H1 2023 compared to H1 2022. For instance, the U.S., the U.K., India, Australia, France, South Korea, Japan and Spain witnessed a decline in deals volume by 47.7%, 44.8%, 21.4%, 21.1%, 33.3%, 20%, 62.1% and 69.2%, respectively, during H1 2023 compared to H1 2022.

Meanwhile, China emerged as a notable exception to the declining trend and saw 18.2% growth in the announcement of deals for the travel and tourism sector during H1 2023 compared to H1 2022.

Tags: Aurojyoti Bose, GlobalData