Travel Industry Deals Declined in 2024
Skift Take
Global travel and tourism sector deals declined by 4.3% in 2024, with private equity deals rising, M&A deals slightly increasing, and venture financing deals dropping, while Europe saw growth and other regions faced declines.
A total of 715 deals comprising mergers and acquisitions, private equity, and venture financing deals were announced in the travel and tourism sector globally during 2024, representing a year-on-year decline of 4.3% compared to 747 deals announced during the previous year, according to GlobalData. An analysis of GlobalData's Deals Database revealed that the number of private equity deals increased by 26.1% in 2024 compared to 2023, and M&A deals volume registered a marginal 0.4% growth, whereas the number of venture financing deals was down by 22.3%. Europe saw a 17% improvement in deal volume during 2024 compared to 2023, whereas North America, the Middle East and Africa, and South and Central America witnessed deal volume falling by 26.7%, 27.8%, and 13.3%, respectively, during the year. Meanwhile, the Asia-Pacific region's deal volume fell marginally by 1.7%.
Plamondon Hospitality Partners announced the opening of their newest dual-branded hotels,
