Deals involving the global travel and tourism sector rose by almost 10% in November over the previous month, according to latest data.
A total of 79 deals – either mergers and acquisitions (M&A), private equity or venture financing – were announced.
The level was an increase of 9.7% over the 72 deals confirmed in October, according to data and analytics company GlobalData.
The announcement of M&A deals increased by 30% during November compared to the previous month.
However, venture financing and private equity deals volume fell by 9.5% and 27.3%, respectively.
Activity rose in several key markets such as the US, the UK, India and China during November compared to the previous month.
However, markets such as Australia, Japan and South Korea saw a decline in deal activity.
Aurojyoti Bose, lead analyst at GlobalData, said: “Deal activity in the travel and tourism sector further improved in November following the trend of previous months and this is the third consecutive month of growth in deal activity in the sector.
“However, the new Omicron variant of Covid-19 virus may dent deal-making sentiments in the coming months.”