Led by $300m venture financing deal with PT Traveloka Indonesia, Asia-Pacific’s tourism & leisure industry saw a rise of 8.92% in deal activity during Q3 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 58 deals worth $4bn were announced for the region during Q3 2022, against the last four-quarter average of 53.25 deals.

Of all the deal types, M&A saw most activity in Q3 2022 with 32 deals, representing a 55.2% share for the region.

In second place was venture financing with 22 deals, followed by private equity deals with four transactions, respectively capturing a 37.9% and 6.9% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s tourism & leisure industry with $3.28bn, while venture financing and private equity deals totalled $536.23m and $142.3m, respectively.

Asia-Pacific tourism & leisure industry deals in Q3 2022: Top deals

The top five tourism & leisure deals accounted for a 16.8% share of the overall value during Q3 2022.

The combined value of the top five deals stood at $664.64m, against the overall value of $4bn recorded for the quarter.

1) Allianz Global Investors, BlackRock Capital Investment, Indonesia Investment Authority and Orion Capital Asia’s $300m venture financing deal with PT Traveloka Indonesia

2) The $148.28m venture financing deal with  Xiangdao Chuxing by Gaoxing Management Consulting, Momenta Group and SAIC Motor

3) Henderson Park Capital Partners UK’s $139m private equity deal with Mandarin Oriental International

4) The $42.4m acquisition deal with Casino Canberra by Iris Capital (Australia)

5) DG Incubation, FITZ (Japan), Pro and Toka’s $34.96m venture financing deal with Section L