Deal-making in the travel and tourism sector showed signs of cautious optimism in the first quarter (Q1) of 2025, with overall activity experiencing only around 5% year-on-year (YoY) dip. While venture financing and private equity deals declined, mergers and acquisitions saw modest growth, highlighting investor selectivity and regional resilience as key themes amid the evolving macroeconomic conditions and shifting strategies across global markets, reveals GlobalData, a leading data and analytics company.