Total tourism & leisure industry deals for March 2019 worth $5.82bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 29% over the previous month and a drop of 17.4% when compared with the last 12-month average of $7.04bn.

In terms of number of deals, the sector saw a rise of 3.9% over the last 12-month average with 108 deals against the average of 104 deals.

In value terms, Asia-Pacific led the activity with deals worth $3.21bn.

Tourism & leisure industry deals in March 2019: Top deals

The top five tourism & leisure deals accounted for 74.3% of the overall value during March 2019.

The combined value of the top five tourism & leisure deals stood at $4.32bn, against the overall value of $5.82bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in March 2019 was Hyundai Motor Group, Microsoft, OppenheimerFunds, Ping An Capital, Booking Holdings, SoftBank Vision Fund, Toyota Motor and Yamaha Motor’s $1.46bn venture financing of GrabTaxi Holdings.

In second place was the $1.33bn private equity deal with Grange Hotels by Queensgate Investments and in third place was Cathay Pacific Airways‘ $628.08m acquisition of Hong Kong Express Airways.

The $572.36m private equity deal with Leela Palaces and Resorts by BSREP 111 India Ballet and Ebix‘s acquisition of Yatra Online for $336m held fourth and fifth positions, respectively.

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.