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Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData

April 18, 2024

Travel and tourism sector witnessed the announcement of 165 deals* globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according to GlobalData.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in North America and Europe, which collectively accounted for around two-thirds of the total number of deals announced globally during Q1 2024, primarily drove the overall decline in deals volume.”

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