In the global tourism & leisure industry, there were 101 M&A deals announced in Q2 2023, worth a total value of $3bn, according to GlobalData’s Deals Database. The $940.9m acquisition of STS Holding by Entain Holdings (CEE) 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 decreased by 9% in Q2 2023 compared with the previous quarter’s total of $3.3bn and fell by 73% as compared to Q2 2022. Related deal volume decreased by 6% in Q2 2023 versus the previous quarter and was 37% lower than in Q2 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 27% share of the global tourism & leisure industry’s M&A activity in Q2 2023, up 21% over the previous quarter.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were DLA Piper; Kirkland & Ellis; Freshfields Bruckhaus Deringer with 4, 3, 2 deals respectively.
For further understanding of GlobalData's Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.