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Report - April 22, 2024

Travel: Calmer Waters Ahead for M&A

Despite multiple headwinds, consumer demand for leisure experiences remains strong, and business travel is coming back faster than expected. In fact, the global travel industry is nearing 2019 levels, with travel volumes forecast to expand at 4-6% CAGR over the next five years.1

As a result, Harris Williams expects to see renewed M&A momentum. For investors, there will be a range of opportunities in the coming years and a healthy backlog of high-quality companies anticipated to come to market.

In this spring 2024 report covering the travel sector, we share:

  • The current state of travel recovery

  • Macroeconomic and global travel outlooks

  • Seven key trends that will shape the travel sector

  • Implications for travel businesses and investors

  • M&A market observations and activity

To discuss M&A opportunities across the travel sector, please contact our senior professionals.

Learn more about M&A trends in this sector.

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1 OC&C Analysis

Contacts

Harris-Williams Bio-Crop 0046 EdArkus 1

Ed Arkus

Managing Director
Consumer

Harris-Williams Bio-Crop 0028 WillBain 1

Will Bain

Managing Director
Consumer

Harris-Williams Bio-Crop 0045 England zach-2

Zach England

Managing Director
Consumer

Harris-Williams Bio-Crop mkeck1

Martin Keck

Managing Director
Technology

Harris-Williams Bio-Crop 0099 0596 DerekLewis

Derek Lewis

Managing Director
Business Services

Harris-Williams Bio-Crop 0004 0115 ThierryMonjauze

Thierry Monjauze

Managing Director
Technology

Harris-Williams Bio-Crop 0003 0073 ChrisSmith

Chris Smith

Managing Director
Aerospace, Defense & Government Services

Harris Williams Bio-Crop 0000 065 BryceWalker

Bryce Walker

Managing Director
Business Services