By Ron Chen, Correspondent ASEAN Region

A total of 74 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June, which is an increase of 39.6 per cent over 53 deals announced in May, according to GlobalData.

Lead Analyst at GlobalData, Aurojyoti Bose comments: “Deal activity in the travel & tourism sector showed signs of recovery in June, following a decline during the past few months. The growth in deal activity for a sector that has been hit badly due to lockdown and travel restrictions amid the COVID-19 pandemic, could be a positive sign for the coming months.”

All the deal types (under coverage) also witnessed growth in deal volume in June compared to the previous month. While merger & acquisitions deal volume increased by 26.5 per cent, the number of private equity and venture financing deals also increased by 9.1 per cent and 137.5 per cent, respectively.

Deal activity also showcased improvement in key markets including the US, the UK, China, Germany and Spain, while India witnessed decline in deal activity.

Global deal activity makes solid rebound and registers 30.3 per cent growth in June, finds GlobalData

A total of 5,118 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced globally during June 2021, which is an increase of 30.3 per cent over 3,929 deals announced during the previous month, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database revealed that despite the major leap, the deal volume is yet to touch the monthly average of the first quarter (Q1) of 2021.

Lead Analyst at GlobalData, Aurojyoti Bose comments: “Market conditions still remain volatile and the growth in the number of deals after declining for the past few months is primarily driven by a rebound in deal activity in most of the key markets across all regions.”

North America continued to attract the highest number of deals in June, followed by Europe, Asia-Pacific, the Middle East and Africa, and South and Central America. All these regions also witnessed growth in deal activity in June compared to the previous month.

Deal activity also witnessed growth in most of the key markets/countries in June compared to the previous month such as the US (by 11.3%), the UK (22.4%), China (142.3%), Canada (17.4%), India (30.2%), Germany (54.4%), Japan (11.8%), Australia (59.6%), France (45.8%) and South Korea (43.7%).

All the deal types (under coverage) also witnessed growth in deal volume in June compared to the previous month. While merger & acquisitions deal volume increased by 22.5 per cent, the number of private equity and venture financing deals also increased by 35.5 per cent and 39.6 per cent, respectively.