Total tourism & leisure M&A deals in January 2019 worth $1.91bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 63.6% over the previous month and a drop of 68.6% when compared with the last 12-month average, which stood at $6.1bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.43bn. At the country level, Japan topped the list in terms of deal value at $843.79m.
In terms of volumes, North America emerged as the top region for tourism & leisure M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in January 2019 was the United States with 31 deals, followed by the United Kingdom with six and Japan with six.
Tourism & leisure M&A deals in January 2019: Top deals
The top five tourism & leisure M&A deals accounted for 69.7% of the overall value during January 2019.
The combined value of the top five tourism & leisure M&A deals stood at $1.33bn, against the overall value of $1.91bn recorded for the month.
The top announced tourism & leisure M&A deal tracked by GlobalData in January 2019 was Japan Hotel REIT Investment’s $575.62m asset transaction with Hulic.
In second place was WayDrive Holdings’ acquisition of Lion City Rentals for $257.43m and in third place was Ashford Hospitality Trust’s $195m asset transaction with Embassy Suites by Hilton New York Midtown Manhattan.
Sekisui House Reit’s $162.87m asset transaction with Sekisui House and YTL Corporation’s asset transaction with BGC Development for $143.15m 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.