Total tourism & leisure industry M&A deals worth $1.89bn were announced globally in March 2021, led by Hilton Grand Vacations’ $1.4bn acquisition of Diamond Resorts International, according to GlobalData’s deals database.
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The value marked a decrease of 38.6% over the previous month of $3.08bn and a drop of 29% when compared with the last 12-month average, which stood at $2.66bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.61bn. At the country level, the US topped the list in terms of deal value at $1.61bn.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.
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By GlobalDataThe top country in terms of M&A deals activity in March 2021 was the US with 15 deals, followed by the UK with five and Japan with five.
In 2021, as of March, tourism & leisure M&A deals worth $8.14bn were announced globally, marking an increase of 41% year on year.
tourism & leisure industry M&A deals in March 2021: Top deals
The top five M&A deals accounted for 90.9% of the overall value during March 2021.
The combined value of the top five tourism & leisure M&A deals stood at $1.72bn, against the overall value of $1.89bn recorded for the month.
The top five tourism & leisure industry M&A deals of March 2021 tracked by GlobalData were:
1) Hilton Grand Vacations’ $1.4bn acquisition of Diamond Resorts International
2) The $140m acquisition of Century Gaming Technologies by TPG Pace Holdings
3) Highgate Hotels’ $67.5m acquisition of Colony Capital
4) The $66.2m asset transaction with Junglee Games IndiaLtd. by Flutter Entertainment
5) Lockspell’s acquisition of Banach Technology for $43m.