The UK travel market saw continued growth in 2023, with no signs of slowing down in 2024.

Its performance coincides with the strong post-pandemic recovery seen across the travel sector, as the long-term structural tailwinds driving the growth of both business and leisure travel have reasserted.

In terms of M&A activity, there is an increasingly positive sentiment amongst strategic acquirers – an encouraging sign given the particularly one-sided nature of M&A activity in the sector throughout the 2010s, when private equity transactions represented the vast majority of deal flow.

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Clearwater's consumer team has been at the forefront of the post-pandemic rebound in travel sector M&A activity.

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As measures to ease the cost-of-living crisis are implemented across the UK, consumers are given further cause for optimism, with many still budgeting and prioritising travel plans.

Key highlights from the team include:

  • Clearwater’s consumer team were the number one mid-market UK adviser within the travel sector in 2023, completing more UK deals in the space than any other firm
  • The consumer team advised on four transactions within the travel space in the last 12 months, with an aggregate transaction value of £0.5bn
  • The team grew further to meet growing demand, with three new joiners in 2023

Read our full report here*

*Please excuse the difference in appearance whilst we update our report in our new brand identity.  The information is just as good!

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