Travel and Tourism sector witnesses 3.8% decline in deal activity

Travel and Tourism sector witnesses 3.8% decline in deal activity


The number of deals announced in the global travel and tourism sector declined by 3.8% during the week ended June 28, 2020, compared to the previous week.

The travel and tourism sector is among the worst hit due to COVID-19 and deal activity in the sector has also remained inconsistent since the outbreak. This is the second consecutive week of decline for the sector.

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The announcement of venture financing, equity offering and debt offering deals decreased during the week, while the number of mergers and acquisition (M&A) deals increased and private equity and partnership deal volumes remained at the same level.

Deal activity has remained inconsistent across geographies since the COVID-19 outbreak. While deal activity decreased in key markets such as the US during the week, the UK showcased improvement.

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