A total of 116 deals were announced during October – compared with 102 the previous month.
Aurojyoti Bose, lead analyst at GlobalData, said despite travel being the sector “hardest hit” by Covid-19, the industry had managed to “reverse the decline”, with the improved outlook driven by activity in North America and Europe.
The announcement of venture financing, partnerships, M&As, private equity, and debt offering deals increased during October, while the number of equity offerings decreased, GlobalData said.
Deal activity increased in the US, UK, France, and China while India, South Korea, and Australia experienced declines. Germany and Canada stayed the same as the previous month.
