deal activity in the travel and tourism sector down 8% in H1-2025

International knowledge and analytics agency GlobalData reviews that the travel and tourism sector skilled a notable decline in deal activity in the first half of 2025, reflecting a shift in market dynamics and investor sentiment. 

The whole variety of offers starting from mergers and acquisitions to personal fairness and enterprise financing dropped by round eight % inside the first six months of this yr. 

An evaluation of GlobalData’s Deals Database revealed that each one the deal varieties beneath protection registered decline. 

The variety of enterprise financing and non-public fairness offers registered YoY decline of round 25 % and 20 %, respectively, throughout H1-2025 whereas M&A activity exhibited relative resilience with a slight contraction of three.5 % in deal quantity.

GlobalData lead analyst Aurojyoti Bose opined: “The overall decline underscores a broader trend where macroeconomic factors and investor sentiments are reshaping deal-making strategies within the industry. The subdued activity suggests that dealmakers are becoming increasingly cautious likely due to the macroeconomic challenges and volatile market conditions. The decline in venture financing and private equity deals, suggests a dent in investor sentiment, emphasizing a trend of reduced risk appetite.”

Performance per area 

The Asia-Pacific market emerged as a vivid spot, witnessing a rise of round 11 % in deal quantity in H1-2025. 

This development might be attributed to nations like Japan and India exhibiting enchancment in deal activity.

Conversely, different areas witnessed important decline in deal activity. 

Europe, North America, the Middle East and Africa, in addition to South and Central America registered a decline of round 19 %, 10 %, 39 %, and 12 % in their respective deal volumes throughout H1-2025 in comparison with H1-2024.

The US, China, and Germany noticed YoY decline in the variety of deal bulletins in H1-2025 whereas the UK managed to take care of the deal quantity principally at the identical degree.