Europe’s tourism & leisure industry witnessed an increase of 5.05% in overall deal activity during Q3 2019, when compared to the four-quarter average.
A total of 104 deals valued at $5.71bn were announced for the region during Q3 2019, against the last four-quarter average of 99 deals.
Of all deal types, M&A saw most activity in Q3 2019 with 64, representing a 61.5% share for the region.
In second place was venture financing with 23 deals, followed by private equity deals with 17 transactions, respectively grabbing a 22.1% and 16.4% share of the overall deal activity for the quarter.
The top five tourism & leisure deals accounted for 79.1% of the overall value during Q3 2019.
The joint worth of the top five tourism & leisure deals was $4.52bn, against the overall value of $5.71bn recorded for the quarter.
