Total tourism & leisure industry deals worth $15.1bn were announced globally for March 2021, with the $6.2bn private equity deal with Crown Resorts being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 309.2% over the previous month of $3.69bn and a rise of 278.5% when compared with the last 12-month average of $3.99bn.
In terms of number of deals, the sector saw a rise of 16.90% with 83 deals in March 2021 when compared to the last 12-month average of 71 deals.
In value terms, North America led the activity with deals worth $7.64bn in March 2021.
Tourism & Leisure industry deals in March 2021: Top deals
The top five deals accounted for 95.04% of the overall value during March 2021.
The combined value of the top five deals stood at $14.35bn, against the overall value of $15.1bn recorded for the month.
The top five tourism & leisure industry deals of March 2021 tracked by GlobalData were:
1) The Blackstone Group’s $6.2bn private equity deal with Crown Resorts
2) The $6bn private equity deal with Extended Stay America by Blackstone Capital Partners and Starwood Capital Group
3) Hilton Grand Vacations’ $1.4bn acquisition of Diamond Resorts International
4) The $550.2m private equity deal of Kintetsu Group Holdings by Blackstone Group Holdings
5) Affinity Equity Partners’ private equity deal with Plaza Premium Group for $200m.
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.