Tourism & leisure industry M&A deals in February 2019 total $3.09bn globally

18th March 2019 (Last Updated March 19th, 2019 15:59)

Tourism & leisure industry M&A deals in February 2019 total $3.09bn globally

Total tourism & leisure industry M&A deals in February 2019 worth $3.09bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 32% over the previous month and a drop of 46.3% when compared with the last 12-month average, which stood at $5.76bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.34bn. At the country level, the US topped the list in terms of deal value at $1.02bn.

In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in February 2019 was the United States with 24 deals, followed by the UK with 11 and Australia with five.

In 2019, as of the end of February 2019, tourism & leisure M&A deals worth $5.44bn were announced globally, marking a decrease of 21.8% year on year.

Tourism & leisure industry M&A deals in February 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 63.5% of the overall value during February 2019.

The combined value of the top five tourism & leisure industry M&A deals stood at $1.96bn, against the overall value of $3.09bn recorded for the month. The top announced tourism & leisure industry M&A deal tracked by GlobalData in February 2019 was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.

In second place was the $417.51m acquisition of P&O Ferries by DP World and in third place was Beijing Jingdong Shangke Information Technology’s $400.2m acquisition of Beijing Cuigong Hotel.

The $300m acquisition of Six Senses Hotels Resorts Spas by Intercontinental Hotels and Resorts and AXA’s asset transaction with AccorHotels for $236.66m 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.

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.