According to the latest market analysis report, in 2023, there were 723 deals (including mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) in the global travel and tourism industry. This marked a 31.9% decrease from the 1,062 deals announced in the previous year.
Global deal data evaluation shows a significant decrease in volume for all covered deal types in 2023 compared to the previous year.
In 2023, M&A deals experienced a 32.8% decline in volume. Private equity deals and venture capital deals also saw a decrease, with a decline of 40% and 27.9% respectively, compared to 2022.
Global deal activity in various sectors, including travel and tourism, experienced a decline due to multiple factors. These factors included geopolitical tensions, conflicts, concerns about recession, inflation, and increases in interest rates.
In 2023, the volume of deals declined in North America by 42.1%, in Europe by 35.9%, in Asia-Pacific by 14.2%, in the Middle East and Africa by 23.3%, and in South and Central America by 48.3% compared to the previous year.
In 2023, there was also a decrease in deal volume in various major economies, such as the USA (43.3%), the UK (29.7%), China (10%), Japan (41.8%), France (19.4%), South Korea (20%), Australia (37.1%), Spain (57.9%), and Canada (21.1%), as compared to 2022.
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