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Travel & tourism sector witnessed 3.7% decline in deal activity during week ended May 17 2020, finds GlobalData

May 22, 2020 Business News No Comments Email Email


The number of deals announced in the global travel and tourism sector declined by 3.7% during the week ended May 17, 2020, compared to the previous week, according to GlobalData’s deals database.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to COVID-19, and deal activity in the sector has remained inconsistent since the outbreak. While the sector witnessed growth in the week ended May 10 2017 to 27 deals, there was a decline in deal volume last week to 26.”

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

The UK, India and China, which witnessed one deal each during the previous week, did not register even a single deal during the week ended May 17, 2020.



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