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Global Travel And Tourism Trade Activity Is Up 4.6%

Global Tourism Statistics 2022

Global Travel And Tourism Trade Activity Is Up 4.6%

In Q1-Q3 2022, the worldwide travel and tourism industry announced 793 agreements (including mergers and acquisitions [M&A], private equity, and venture finance deals), representing a 4.6% increase over Q1-Q3 2021.

When looking at the month-to-month trend, the industry has seen a constant reduction in deal activity in recent months. According to industry research, September 2022 will be the third consecutive month of a drop-in transaction activity for the global travel and tourism sector. In September 2022, 56 agreements were announced in the industry, a decrease of 21.1% from the previous month.

The fall might be ascribed to Russia’s continuous aggression in Ukraine, fluctuating oil prices, and growing inflation, all of which have impacted hard-on-deal-making¬†emotions. Many deal types were covered, while deal activity in numerous significant markets fell in September.

M&A and private equity deal announcements fell by 29.2% and 25%, respectively, in September 2022 compared to the previous month, while venture financing agreements grew by 6.7%. Key global markets such as the United States and China had a decrease in transaction activity in September 2022 compared to the previous month, while the United Kingdom and India saw an increase.