A total of 71 deals (comprising mergers and acquisitions, private equity, and venture financing) were announced in the global travel and tourism sector during April, which is a decline of 34,3 percent over 108 deals announced in March, according to GlobalData, a leading data and analytics company.
According to STR data, Central/South America hotel occupancy rose by 7.4 percent year over year to 58.5 percent in April.
April proved to be a landmark month for Brussels Airlines, with the carrier welcoming 837, 646 travellers on board 7,130 flights, a year-on-year passenger growth of 54.6 percent.
According to Airports Council International, record levels of global passenger traffic were seen in April, with a 9.3 year-on-year increase, primarily fuelled by international travellers, up 14.3 percent.
Saudia Airlines achieved a new single month record in April when 2,906,070 passengers travelled on board its aircrafts, confirming the carrier's consistent growth.
STR's April 2017 Pipeline Report revealed that there are some 156,445 keys in 563 hotels under contract in the Middle East, of which, 83,980 rooms across 272 properties are currently in construction.