In the Asia-Pacific tourism & leisure industry, there were 26 M&A deals announced in Q4 2023, worth a total value of $221.9m, according to GlobalData’s Deals Database. The $123m acquisition of A2B Australia by ComfortDelGro Corporation Australia was the industry’s largest disclosed deal. GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes in 2023 report provides crucial insights into the M&A activity including the themes driving the top deals within the travel & tourism industry. Buy the report here.
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In value terms, M&A activity in Asia-Pacific decreased by 89% in Q4 2023 compared with the previous quarter’s total of $2.1bn and fell by 64% as compared to Q4 2022. Related deal volume decreased by 7% in Q4 2023 versus the previous quarter and was 10% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q4 2023 were Forsyth Barr; Cameron Partners; Horwath HTL with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q4 2023 were Simpson Grierson; Khaitan & Co; Minter Ellison with 2, 1, 1 deals respectively.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
