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  1. Deals Analysis
April 28, 2021

North America’s tourism & leisure industry saw a rise of 50.00% in deal activity during March 2021

North America’s tourism & leisure industry saw a rise of 50.00% in deal activity during March 2021, when compared with the last 12-month average, led by Blackstone Capital Partners and Starwood Capital Group’s $6bn acquisition of Extended Stay America, according to GlobalData’s deals database.

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A total of 33 tourism & leisure industry deals worth $7.64bn were announced for the region in March 2021, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in March 2021 with 17 transactions, representing a 51.5% share for the region.

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In second place was venture financing with ten deals, followed by private equity deals with six transactions, respectively capturing a 30.3% and 18.2% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s tourism & leisure industry with $6bn, while M&A and venture financing deals totalled $1.61bn and $29.41m, respectively.

North America tourism & leisure industry deals in March 2021: Top deals

The top five tourism & leisure deals accounted for 99.7% of the overall value during March 2021.

The combined value of the top five tourism & leisure deals stood at $7.61bn, against the overall value of $7.64bn recorded for the month.

The top five tourism & leisure industry deals of March 2021 tracked by GlobalData were:

1) Blackstone Capital Partners and Starwood Capital Group’s $6bn private equity deal with Extended Stay America

2) The $1.4bn acquisition deal with Diamond Resorts International by Hilton Grand Vacations

3) TPG Pace Holdings’ $140m acquisition of Century Gaming Technologies

4) The $67.5m asset transaction with Colony Capital by Highgate Hotels

5) AXIS Capital Holdings’ venture financing of Launchtrip Technologies for $3.8m.

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