One big takeaway about the 10 largest travel acquisitions of 2018 is that the majority were hospitality-related, and one sector, online travel agencies, that has historically been among the most active, was a no-show.
Within the hospitality sector, it wasn’t just about companies they bought, but also assets or brands that they sold.
So while Minor International acquired NH Hotel Group for $3.1 billion, Wyndham Worldwide bought La Quinta Holdings for $2.68 billion, AccorHotels acquired Movenpick Hotels for $565 million, Hyatt picked up Two Roads Hospitality for $501.3 million, there were also two big asset sales.
In a complex deal that was the largest in travel in 2018, AccorHotels in two phases ceded control of its property unit, AccorInvest Group, to sovereign wealth funds and private equity firms for $5.65 billion. And Wyndham Worldwide off-loaded its European vacation rental division to Platinum Equity for $1.38 billion.
Six of the largest 10 deals involved European brands, and one took place in China.
The fourth-largest deal of the year shows the growing influence of sharing economy transportation companies. Beijing-based Meituan Dianping, an e-commerce platform that also offers food delivery and hotels, acquired bike-share company Mobike Technology for $2.47 billion.
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