The global travel and tourism sector saw a 12.6% YoY decline in deals during H1 2024, with a mixed performance across regions and deal types. And the same was the case for the deal types under coverage.”An analysis of GlobalData’s Deals Database revealed that the volume of M&A deals declined by 7.4% during H1 2024 compared to H1 2023, whereas the number of venture financing deals fell by 29.6% YoY. Meanwhile, private equity deal volume remained at the same level. Similarly, the US, China, Australia, and France witnessed a YoY decline in deal volume by 31.5%, 46.4%, 18.8%, and 40%, respectively, during H1 2024 compared to the same period during the previous year. However, markets such as the UK, India, and Japan saw respective deal volumes grow by 7.9%, 12%, and 18.2% YoY in H1 2024.

Source: Ethiopian News July 19, 2024 05:22 UTC