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  1. Deals Analysis
April 28, 2021

Tourism & Leisure industry M&A deals total $1.89bn globally in March 2021

Total tourism & leisure industry M&A deals worth $1.89bn were announced globally in March 2021, led by Hilton Grand Vacations’ $1.4bn acquisition of Diamond Resorts International, according to GlobalData’s deals database.

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The value marked a decrease of 38.6% over the previous month of $3.08bn and a drop of 29% when compared with the last 12-month average, which stood at $2.66bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.61bn. At the country level, the US topped the list in terms of deal value at $1.61bn.

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 March 2021 was the US with 15 deals, followed by the UK with five and Japan with five.

In 2021, as of March, tourism & leisure M&A deals worth $8.14bn were announced globally, marking an increase of 41% year on year.

tourism & leisure industry M&A deals in March 2021: Top deals

The top five M&A deals accounted for 90.9% of the overall value during March 2021.

The combined value of the top five tourism & leisure M&A deals stood at $1.72bn, against the overall value of $1.89bn recorded for the month.

The top five tourism & leisure industry M&A deals of March 2021 tracked by GlobalData were:

1) Hilton Grand Vacations’ $1.4bn acquisition of Diamond Resorts International

2) The $140m acquisition of Century Gaming Technologies by TPG Pace Holdings

3) Highgate Hotels’ $67.5m acquisition of Colony Capital

4) The $66.2m asset transaction with Junglee Games IndiaLtd. by Flutter Entertainment

5) Lockspell’s acquisition of Banach Technology for $43m.

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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.

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