Total tourism & leisure industry deals worth $1.59bn were announced globally for February 2021, with the $403.57m asset transaction with KKRInc being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 73.5% over the previous month of $6.01bn and a drop of 64.1% when compared with the last 12-month average of $4.43bn.

In terms of number of deals, the sector saw a drop of 28.38% with 53 deals in February 2021 when compared to the last 12-month average of 74 deals.

In value terms, Asia-Pacific led the activity with deals worth $767.86m in February 2021.

Tourism & Leisure industry deals in February 2021: Top deals

The top five deals accounted for 69.7% of the overall value during February 2021.

The combined value of the top five deals stood at $1.11bn, against the overall value of $1.59bn recorded for the month.

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

1) Greystar Real Estate Partners’ $403.57m asset transaction with KKRInc

2) The $220.5m private equity deal with by Ares Real Estate Group and Generation Partners

3) Carlyle Asia Partners V’s $200m private equity deal with Kakao Mobility

4) The $182m asset transaction deal for acquisition of Kumho Resort by Kumho Petrochemical

5) Pro-invest Group’s asset transaction deal with Greenland (Australia) Investment for $102.25m.