A total 96 deals— comprising mergers and acquisitions (M&A), private equity, and venture financing deals— were announced in the global travel and tourism sector in February 2022, according to GlobalData. The leading data and analytics company notes that this represents a decline of 2% compared to the previous month.

Aurojyoti Bose, lead analyst at GlobalData, comments: “While there is still prevailing uncertainty among deal makers in the sector, deal activity remains a mixed bag across different market and deal types.”

The number of M&A deals decreased by 15.9% while the number of venture financing and private equity deals increased by 47.1% and 8.3%, respectively, in February.

Deal activities across the key markets were also a mixed bag. While markets such as the US, China, India and South Korea witnessed a decline in deal activity, other markets such as the UK, Japan and Australia registered growth in February, compared to the previous month.