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.
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.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.