In the global tourism & leisure industry, there were 91 M&A deals announced in Q1 2024, worth a total value of $8.8bn, according to GlobalData’s Deals Database. The $2.7bn minority acquisition of Kindred Group by La Francaise Des Jeux was the industry’s largest disclosed deal. GlobalData’s Travel and Tourism Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 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.

Smarter leaders trust GlobalData

In value terms, M&A activity increased by 17% in Q1 2024 compared with the previous quarter’s total of $7.5bn and rose by 190% as compared to Q1 2023. Related deal volume increased by 2% in Q1 2024 versus the previous quarter and was 15% lower than in Q1 2023.

Notably, foreign direct investments (fdi)-related deals accounted for a 28% share of the global tourism & leisure industry’s M&A activity in Q1 2024, registering a flat growth over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Goldman Sachs Group; Moelis & Co; Donerail Group with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Clifford Chance; CMS Legal Services EEIG; Fried, Frank, Harris, Shriver & Jacobson with 2, 2, 2 deals respectively.

For further understanding of GlobalData's Travel And Tourism Industry Mergers And Acquisitions Deals By Top Themes In Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 2024

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

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.