A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector during January to July of this year, which was a year-on-year (YoY) decline of 10.4 percent compared to the 463 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

A total of 365 deals (mergers and acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of this year, which was a decline of 38.8 percent compared to 596 deals announced during the same period in the previous year, revealed GlobalData, a leading data and analytics company.