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Europe’s Tourism Industry Sees Drop in Deal activity in Q2

Europe’s tourism and leisure industry saw a drop of 53,1 percent in overall deal activity during second quarter (Q2) of this year, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 53 deals worth USD2,81 billion were announced for the region during Q2 of the year, against the last four-quarter average of 113 deals.

Of all the deal types, mergers and acquisitions (M&A) saw most activity in Q2 of this year with 35, representing a 66,04 percent share for the region.

In second place was venture financing with 12 deals, followed by private equity deals with six transactions, respectively capturing a 22,6 percent and 11,3 percent share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s tourism and leisure industry with USD2,64 billion, while private equity and venture financing deals totalled USD128,67 million and USD42,26 million, respectively.