A total of 573 deals* were announced across the global travel and tourism industry in the first half of 2022, a year-over-year (YoY) increase of 3.1% from the 556 deals announced in the first half of 2021, according to GlobalData, a leader in data and analytics.

Aurojyoti Bose, Principal Analyst at GlobalDatacomments: “Trading activity was fueled by improved trading sentiments in the travel and tourism sector following the easing of COVID-19 related restrictions. In fact, an analysis of the database Business reporting from GlobalData reveals that mentions of business travel among companies grew 4% year-on-year in the first half of 2022 (as of June 13), however, this trend is not uniform across all regions and all markets.

Deal activity improved 11.7% and 11.9% year-on-year in Europe and North America, respectively, in the first half of 2022. In contrast, Asia-Pacific, the Middle East and Africa and South and Central America recorded declines of 10.2%, 20.8% and 7.1%. , respectively.

Similarly, while travel and tourism transaction activity has improved in several key global markets, some markets have experienced declines. Trading volume increased in markets such as the US, UK, India, Spain and Germany by 12.8%, 16.1%, 20.8%, 33, 3% and 41.2%, respectively. Meanwhile, markets such as Japan, China, Australia, France and South Korea saw declines of 11.1%, 11.1%, 25%, 5% and 12.5% , respectively, of the volume of transactions.

The number of announced venture finance and private equity deals decreased by 12.3% and 14.6%, respectively, in the first half of 2022, while the number of mergers and acquisitions (M&A) deals increased. increased by 15%.

* Includes mergers and acquisitions, private equity and venture finance