Tourism & Leisure industry M&A deals total $3.3bn in Asia-Pacific in Q3 2022

Total tourism & leisure industry M&A deals worth $3.3bn were announced in Asia-Pacific in Q3 2022, led by Iris Capital (Australia)’s $42.4m acquisition of Casino Canberra, according to GlobalData’s deals database.

The value marked an increase of 705.7% over the previous quarter and a rise of 171.1% when compared with the last four-quarter average of $1.21bn.

Asia-Pacific held a 28.67% share of the global tourism & leisure industry M&A deal value that totalled $11.44bn in Q3 2022. With a 26.92% share and deals worth $3.08bn, Cambodia was the top country in Asia-Pacific’s M&A deal value across tourism & leisure industry.

In terms of deal activity, Asia-Pacific recorded 32 deals during Q3 2022, marking an increase of 14.29% over the previous quarter and a drop of 0.78% over the last four-quarter average. Australia recorded eight deals during the quarter.

Asia-Pacific tourism & leisure industry M&A deals in Q3 2022: Top deals

The top five tourism & leisure industry M&A deals accounted for 3.3% of the overall value during Q3 2022.

The combined value of the top five M&A deals stood at $108.7m, against the overall value of $3.3bn recorded for the quarter.

The top five tourism & leisure industry deals of Q3 2022 tracked by GlobalData were:

1) Iris Capital (Australia)’s $42.4m acquisition deal with Casino Canberra

2) The $26m asset transaction of Peppers Kings Square by High Street Holdings

3) Kunming World Expo Park Property Service’s $14.75m acquisition deal with Yunnan World Expo Tourism Holdings Group

4) The $13.89m asset transaction of 80% stake in Yancheng Dayangwan Changle Health Development by Yancheng Dayangwan Group Development

5) MEGAZONE CLOUD’s $11.66m acquisition deal for 30% stake in Sejoong