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  1. Deals Analysis
July 19, 2021

Tourism & Leisure industry M&A deals total $570.9m globally in June 2021

Total tourism & leisure industry M&A deals worth $570.9m were announced globally in June 2021, led by Mwendo Holdings’ $181.5m acquisition of 21.4% stake in BetKing, according to GlobalData’s deals database.

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The value marked a decrease of 24.6% over the previous month of $757.31m and a drop of 75.6% when compared with the last 12-month average, which stood at $2.34bn.

Comparing M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $216.57m. At the country level, the Nigeria topped the list in terms of deal value at $207.87m.

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.

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The top country in terms of M&A deals activity in June 2021 was the US with seven deals, followed by the Nigeria with two and Spain with two.

In 2021, as of June, tourism & leisure M&A deals worth $13.22bn were announced globally, marking an increase of 184.5% year on year.

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

The top five M&A deals accounted for 86.5% of the overall value during June 2021.

The combined value of the top five tourism & leisure M&A deals stood at $494.06m, against the overall value of $570.9m recorded for the month.

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

1) Mwendo Holdings’ $181.5m acquisition of 21.4% stake in BetKing

2) The $132.8m acquisition of Shanghai Jiulong Hotel by Beijing Jinhui Chuangling Technology

3) Lifespot Capital’s $71.85m acquisition of Munich Hotel Invest

4) The $54.37m acquisition of 3.49% stake in Keystone Lodging by Jin Jiang Hotels Development

5) Eagle Hills Zagreb Real Estate’s acquisition of 30.29% stake in Sunce Hotels for $53.54m.

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