Total tourism & leisure industry deals for Q1 2019 worth $13.95bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 8.2% over the previous quarter and a drop of 39.7% when compared with the last four-quarter average of $23.15bn.
In terms of number of deals, the sector saw a rise of 18.3% over the last four-quarter average with 342 deals against the average of 289 deals.
In value terms, Asia-Pacific led the activity with deals worth $6.37bn.
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Tourism & leisure industry deals in Q1 2019: Top deals
The top five tourism & leisure deals accounted for 34.4% of the overall value during Q1 2019.
The combined value of the top five tourism & leisure deals stood at $4.8bn, against the overall value of $13.95bn recorded for the quarter. The top announced tourism & leisure deal tracked by GlobalData in Q1 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 Government of Netherlands’ $771.87m acquisition of Air France-KLM.
The $628.08m acquisition of Hong Kong Express Airways by Cathay Pacific Airways and Host Hotels & Resorts’ asset transaction with 1 Hotel South Beach for $610m 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.