Total Tourism & leisure industry deals worth $13.1m were announced globally for July 2022, with the $4.8m acquisition of 80.1% stake in START ART FAIR being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 99.8% over the previous month of $6.81bn and a drop of 99.8% when compared with the last 12-month average of $7.28bn.

In terms of number of deals, the sector saw a drop of 57.63% with 25 deals in July 2022 when compared to the last 12-month average of 59 deals.

In value terms, Europe led the activity with deals worth $5.41m in July 2022.

Tourism & leisure industry deals in July 2022: Top deals

The top three deals accounted for 82.5% of the overall value during July 2022.

The combined value of the top three deals stood at $10.8m, against the overall value of $13.1m recorded for the month.

The top three Tourism & leisure industry deals of July 2022 tracked by GlobalData were:

1) LIVEGROUP PLC $4.8m acquisition deal for 80.1% stake in START ART FAIR

2) The $3m venture financing of Floatspace by Rolf Hansen

3) 305 Venture Partners,Cardinal Sports Capital,Eberg Capital,IA Ventures and Roger Ehrenberg $3m venture financing deal with Wire Industries