What was tourism like in February?


Total tourism & leisure industry M&A (mergers & acquisitions) deals in February 2020 worth $3.8 billion were announced globally.

The value marked an increase of 12.4% over the previous month and a drop of 44.4% when compared with the last 12-month average, which stood at $6.83 billion.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.87 billion. At the country level, the UK topped the list in terms of deal value at $1.38 billion.

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 February 2020 was the US with 19 deals, followed by the UK with 12 and Japan with five.

In 2020, as of the end of February 2020, tourism & leisure M&A deals worth $7.18 billion were announced globally, marking an increase of 33.8% year on year.

photo: Shutterstock

IT&CM Asia and CTW Asia-Pacific 2020