LONDON, UK, Feb. 19, 2024 (GLOBE NEWSWIRE) — As the global economy gradually recovers, people’s enthusiasm for travel is rising, making the cultural and tourism industry’s layout and capital operations a focal point for global capital. Increasingly, asset management institutions and asset owners are incorporating the cultural and tourism industry into their investment strategies, decisions, and practices.
French investment bank “Cambon Partners” and Indian tourism research company “Videc” recently released a joint global tourism M&A analysis report. The data shows that from 2014 to Q3 2023, a total of 1758 tourism companies worldwide were sold. Among them, 382 mergers and acquisitions had publicly disclosed transaction amounts, with just these transactions totaling $212 billion. The number of global tourism M&A transactions (423) from 2022 to Q3 2023 has noticeably rebounded compared to the data from Q3 2018-2019 (389).
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