Total tourism & leisure industry M&A deals in March 2019 worth $2.22bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 40.2% over the previous month and a drop of 61.3% when compared with the last 12-month average, which stood at $5.74bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.05bn. At the country level, the US topped the list in terms of deal value at $656.8m.
In terms of volumes, North America emerged as the top region for tourism & leisure industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in March 2019 was the US with 20 deals, followed by India with five and Canada with four.
In 2019, as of the end of March 2019, tourism & leisure M&A deals worth $8.58bn were announced globally, marking a decrease of 42.5% year on year.
Tourism & leisure industry M&A deals in March 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 68.4% of the overall value during March 2019.
The combined value of the top five tourism & leisure industry M&A deals stood at $1.52bn, against the overall value of $2.22bn recorded for the month. The top announced tourism & leisure industry M&A deal tracked by GlobalData in March 2019 was Cathay Pacific Airways‘ $628.08m acquisition of Hong Kong Express Airways.
In second place was the $336m acquisition of Yatra Online by Ebix and in third place was Alan Kestenbaum, Doug Hertz and Ron Canakaris’ $300m acquisition of ATLANTA FALCONS FOOTBALL CLUB.
The $150m acquisition of Biblio Globus by Ionic Invest and Thomas Cook Group and African Wildlife’s acquisition of Wilderness for $103.72m 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. 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.