Current socio-economic headwinds have led to a fall in the volume of travel and tourism business deals worldwide.
Figures published by data and analytics firm GlobalData show that 482 deals were announced worldwide between January and August, 36.2% down compared to the 756 announced during the same period last year.
The volume of mergers and acquisitions (M&A) went down by 37.8% while private equity and venture financing deals were down by 38.1% and 30.8% respectively.
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