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Hospitality & Wellness

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Fundamentals

Size Analysis: The number of publicly traded fintech companies has exhibited a slight decline compared to the previous quarter (1Q2023). However, it's important to note that this reduction in the number of public Hospitality & Wellness companies do not necessarily imply a slowdown in mergers and acquisitions (M&A) within the Hospitality & Wellness sector. During the entirety of the first quarter of 2023, the Hospitality & Wellness industry witnessed a total of $31.6 billion in transaction value, comprising 629 transactions. This represents a noteworthy decrease of $49.4 billion compared to the previous quarter. Notably, when assessed against the SPX Index, the Hospitality & Wellness industry's performance shows a relatively modest underperformance of only -7.01%. These metrics suggest that the Hospitality & Wellness sector remains robust and dynamic, with ongoing M&A activities and resilience in terms of market performance.

Public Market Dynamics: The number of publicly traded companies decreased from 73 in the first quarter of 2023 to 62 in the second quarter of 2023. Interestingly, despite this reduction in the number of public companies, the market capitalization increased by a significant $100 million. The disparity in returns between the largest and smallest companies underscores the diverse performance landscape within the market during this period.

Transaction Trends: In total, there were 629 transactions in this period, comprising 349 M&A deals, 178 private placements, and 69 public offers. These 629 transactions collectively amounted to a total value of $31.6 trillion. In comparison to the preceding quarter (Q1 2023), we observed an increase of 18 transactions in the current quarter. 

Dispersion Insights: North America stands out as the most saturated market. Notably, Asia remains a strong contender in previous and current quarters, closely trailing the leader. This historical context provides insights into the evolving dynamics of these regional markets.

Methodology

We screened CapitalIQ using its industry classification. Transactions were filtered by accounced date within the last 3 years. Companies were filtered by having a public company type. The main industry selected was "Consumer Discretionary". CapitalIQ subsector "Hotels, Restaurants and Leisure" and subgroup "Beauty Care Services" were used to screen the database.

THIS REPORT IS NOT TO BE USED OR CONSIDERED UNDER ANY CIRCUMSTANCE BY ANYONE AS INVESTMENT ADVICE

This research report is for informational and discussion purposes only. Information presented here is not investment advice of any kind to any person and does not constitute a recommendation as to the purchase or sale of any interests or as to any other course of action. General, financial, and statistical information concerning the details of this report and related industry are from sources Spaulding Financial believes to be reliable.

Spaulding Financial has accurately reflected such information in this research report; however, Spaulding Financial makes no representation as to the sources’ accuracy or completeness and has accepted this information without further verification. Neither all nor any part of the content of this report may be conveyed to the public through advertising, public relations, news, sales, mail, direct transmittal, or other media without the prior written consent of Spaulding Financial. Spaulding Financial ’s research is as of the date reported herein.

Spaulding Financial has no affiliation with any of the companies comprising the industry used as a basis for research in this report, nor does Spaulding Financial hold any investments in the companies listed herein. The content of this report may be used, in part, as a basis for any work that Spaulding Financial performs for you in the future at the sole discretion of Spaulding Financial. All data is from Capital IQ database.

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