Analysis of the key themes driving M&A activity reveals that online travel accounted for 5 tourism & leisure deals announced in Q1 2024, worth a total value of $570m. The $570m acquisition of CWT by American Express Global Business Travel 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.
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In value terms, online travel-related deal activity increased by 138% in Q1 2024 compared with the previous quarter’s total of $240m and rose by 1325% as compared to Q1 2023. Related deal volume increased by 67% in Q1 2024 versus the previous quarter and was 67% higher than in Q1 2023.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were CMS Legal Services EEIG; Fasken Martineau DuMoulin; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates with 1, 1, 1 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.
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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.
