Top 10 Financial Advisors in Travel & Tourism Industry in the World in 2021 by Deal Value

Morgan Stanley, Bank of America Corp, The Goldman Sachs Group Inc, Bank of Montreal, and Evercore Inc are among the top 5 financial advisors in the travel & tourism industry in 2021 by deal value. In terms of the geographic split, 7 out of 10 of the world’s top 10 financial advisors in the travel & tourism industry are headquartered in North America and whereas 2 are based in Asia-Pacific, and 1 is based in Europe. They employed a total of 558,781 people in 2021. The Canadian Pacific Railway Ltd -Kansas City Southern deal was one of the major deals in the travel & tourism sector in 2021. BofA Securities and Morgan Stanley & Co. LLC are serving as financial advisors to Kansas City Southern. Canadian Pacific Railway Ltd (CPRL), a Canada-based operator of transcontinental freight railway, has acquired Kansas City Southern (KCS), a US-based transportation holding company that operates rails, for an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt The deal was closed in Q4 2021. The Hilton Grand Vacations Inc -Diamond Resorts International, Inc. deal was another major deal in the travel & tourism sector in 2021 BofA Securities acted as financial advisor for HGV, Alston & Bird LLP, Simpson Thacher & Bartlett LLP, and Hilton Grand Vacations Inc., a timeshare company, has acquired Diamond Resorts International, Inc., a hospitality and timeshare company, from funds managed by affiliates of Apollo Global Management, Inc., funds managed by affiliates of Reverence Capital Partners, and other stockholders in a stock-based transaction with an equity value of approximately $1.4 billion. The deal completed in Q3 2022.