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M&A activity within travel is brisk, especially at small and midsize agencies

Merger and acquisition activity in the travel agency sector has been on the uptick in recent months. The motivation to buy or sell varies, but industry observers see a pattern: Most activity occurs among agencies with pre-pandemic annual sales below $20 million.

According to GlobalData, deal activity in the global travel and tourism sector increased 39.6% in June compared to the month prior, which lead analyst Aurojyoti Bose said “could be a positive sign for the upcoming months.”

In addition to M&A activity, there was an increase in the number of private equity and venture financing deals, GlobalData said.

While GlobalData’s analysis includes not only travel agencies and travel management companies — it extends to travel technology startups, service providers and hotels and casinos — all indications point to a busy market for travel agencies on both the buy and sell sides.

Industry lawyer Mark Pestronk, also Travel Weekly’s Legal Briefs columnist, said the market started to heat…

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