US tourism & leisure industry deal activity unplugged
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US tourism & leisure industry sees a rise of 38.10% in deal activity in March 2021

28 Apr 2021

US tourism & leisure industry saw a rise of 38.10% in overall deal activity during March 2021, when compared with the last 12-month average, led by Blackstone Capital Partners and Starwood Capital Group’s $6bn private equity deal with Extended Stay America, according to GlobalData’s deals database.

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A total of 29 deals worth $7.63bn were announced in March 2021, compared with the 12-month average of 21 deals.

M&A was the leading category in the month in terms of volume with 15 deals, which accounted for 51.7% of all deals.

In second place was venture financing with eight deals, followed by private equity with six transactions, respectively accounting for 27.6% and 20.7% of overall deal activity in the US technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the US tourism & leisure industry with total deals worth $6bn, while M&A and venture financing deals totalled $1.61bn and $25.22m respectively.

US tourism & leisure industry deals in March 2021: Top deals

The top five tourism & leisure industry deals accounted for 99.7% of the overall value during March 2021.

The combined value of the top five tourism & leisure deals stood at $7.61bn, against the overall value of $7.63bn recorded for the month.

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

1) Blackstone Capital Partners and Starwood Capital Group’s $6bn private equity deal with Extended Stay America

2) The $1.4bn acquisition of Diamond Resorts International by Hilton Grand Vacations

3) TPG Pace Holdings’ $140m acquisition of Century Gaming Technologies

4) The $67.5m asset transaction deal with Colony Capital by Highgate Hotels

5) Allied Venture Partners, Calm Ventures, Gaingels, MicroVentures and Twenty Five Ventures’ venture financing with ZenSports for $2.4m.

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.