Travel and Tourism Deals 2024
A TOTAL OF 347 mergers and acquisitions, private equity and venture financing deals were reported in the global travel and tourism sector during the first half of 2024, according to GlobalData, a data and analytics company. That is a 12.6 percent year-over-year decline from the 397 deals in the same period of the previous year.
North America saw a 31.7 percent year-over-year decrease in deal volume, while the U.S. experienced a 31.5 percent decline in the first half of 2024 compared to the same period the previous year, GlobalData said in a statement.
“Even though there was a decline globally due to a dent in deal-making sentiments, the trend was a mixed bag across different markets and regions, with some countries contributing to the decline while some experienced improved activity,” said Aurojyoti Bose, GlobalData’s lead analyst. “And the same was the case for the deal types under coverage.”
GlobalData’s Deals Database analysis found a 7.4 percent decline in M&A deals in the first half of this year compared to the same period last year, while venture financing deals fell by 29.6 percent year-over-year.
However, private equity deal volume remained unchanged.
Asia-Pacific, the Middle East and Africa, and South and Central America also saw year-over-year deal volume declines of 14.5 percent, 11.1 percent, and 41.7 percent, respectively. In contrast, Europe experienced an 11.7 percent year-over-year increase in deal volume.
Similarly, China, Australia, and France experienced year-over-year deal volume declines of 46.4 percent, 18.8 percent, and 40 percent, respectively, the report said. However, the U.K., India and Japan saw deal volume increases of 7.9 percent, 12 percent, and 18.2 percent, respectively.
In June, a CBRE survey reported that U.S. hotel investor sentiment remains strong, with acquisition activity expected to match 2023 levels. About 35 percent of respondents anticipate no change, while under 16 percent expect a decrease.
2024 માં શરૂ કરવામાં આવેલી, હિલ્ટન એટલાન્ટેનિયર મર્સિડીઝ બેન્ઝ સ્ટેડિયમ દ્વારા સિગ્નિયા, જ્યોર્જિયા વર્લ્ડ કોંગ્રેસ સેન્ટર અને સ્ટેટ ફાર્મ એરેના, આવતા વર્ષે હન્ટર હોટેલ કોન્ફરન્સનું આયોજન શરૂ કરશે.
હન્ટર હોટેલ કોન્ફરન્સમાં એક પેનલ પર બોલતા, ડાબેથી, વિઝન હોસ્પિટાલિટીના પ્રમુખ અને સીઈઓ મિચ પટેલ; ગ્રેગ ફ્રીડમેન, પીચટ્રી ગ્રુપના મેનેજિંગ પ્રિન્સિપાલ અને સીઈઓ; અને રોબર્ટ વેબસ્ટર, CBRE ના વાઇસ ચેરમેન.
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