Tourism & leisure industry M&A deals in Q1 2019 total $8.58bn globally

1st May 2019 (Last Updated May 1st, 2019 05:01)
Tourism & leisure industry M&A deals in Q1 2019 total $8.58bn globally

Total tourism & leisure industry M&A deals in Q1 2019 worth $8.58bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 15.6% over the previous quarter and a drop of 50.8% when compared with the last four-quarter average, which stood at $17.42bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.89bn. At the country level, the US topped the list in terms of deal value at $2.86bn.

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

The top country in terms of M&A deals activity in Q1 2019 was the US with 80 deals, followed by the UK with 25 and Australia with ten.

In 2019, as of the end of Q1 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 Q1 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 34.8% of the overall value during Q1 2019.

The combined value of the top five tourism & leisure industry M&A deals stood at $2.99bn, against the overall value of $8.58bn recorded for the quarter. The top announced tourism & leisure industry M&A deal tracked by GlobalData in Q1 2019 was Government of Netherlands’ $771.87m stake acquisition of Air France-KLM.

In second place was the $628.08m acquisition of Hong Kong Express Airways by Cathay Pacific Airways and in third place was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.

The $575.62m asset transaction with Hulic by Japan Hotel REIT Investment and Beijing Jingdong Shangke Information Technology’s acquisition of Beijing Cuigong Hotel for $400.2m 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.