Business and financial advisory firm Grant Thornton UK recorded 11 deals in the sector in the third quarter of 2023, a 10% increase on the previous quarter and a 38% increase year on year.
Grant Thornton said deals were prompted by the post-pandemic demand for travel, adding confidence in the sector was “slowly” starting to rebuild.
It added: “Private equity (PE) interest in the sector has increased this quarter, accounting for 27% of deals in Q3, compared to 10% in Q2. PE deals in the third quarter of the year were characterised by minority investments and fundraisings, demonstrating interest from growth-orientated investors.”
