In the Chinese tourism & leisure industry, there were 3 M&A deals announced in Q2 2023, worth a total value of $23.7m, according to GlobalData’s Deals Database. The $23.7m acquisition of china cultural tourism group by tfg cultural tourism group was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in China decreased by 90% in Q2 2023 compared with the previous quarter’s total of $235.8m and fell by 41% as compared to Q2 2022. Related deal volume decreased by 63% in Q2 2023 versus the previous quarter and was 40% lower than in Q2 2022.
For further understanding of GlobalData's Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.