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  1. Deals Analysis
April 28, 2021

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

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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.

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