Aurojyoti Bose, lead analyst at GlobalData, comments: “The travel and tourism sector deal activity showcased a mixed trend across the different deal types during the specified timeframe. And similarly, the trend across different regions and key markets remained a mixed bag during the review period.”
While North America, Middle East and Africa, and South and Central America registered double-digit declines, Asia-Pacific experienced single-digit decline. Meanwhile, Europe saw double-digit growth in deal volume.
North America, Middle East and Africa, South and Central America, and Asia-Pacific regions witnessed respective deal volume fall by 31%, 18.2%, 20% and 2.3%, respectively, during January-November 2024 compared to the same period in 2023. Meanwhile, Europe saw a 15.9% improvement in deal volume during the review period.
The US, China, South Korea and France also witnessed decline in deal volume by 30.2%, 25.6%, 8.7% and 25%, respectively, during January-November 2024 compared to the same period in 2023. Meanwhile, the UK, India and Japan witnessed improvement in deal volume by 10%, 28.9% and 44.8%, respectively.
