Baird examines why the sector is attractive to potential buyers

Travel & Leisure is a $2 trillion global sector. It is a rapidly evolving sector and can be broadly segmented into B2C, B2B and outsourced services. In our new report, Baird's Global Investment Banking team discusses the key business model characteristics and market growth drivers.

Our analysis of 300 Travel & Leisure M&A transactions, across eight subsectors, yielded an average valuation of 12x EBITDA. Strategic buyers are consolidating certain subsectors as they look for scale and diversity while private equity firms are supporting innovative mid-market companies.

To request a copy of the full report, please contact our M&A Research team.