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Travel Cruise & Ferry Operators sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Travel Cruise & Ferry Operators

1.1 - About Travel Cruise & Ferry Operators sector

Companies in the Travel Cruise & Ferry Operators category run passenger cruise lines and regional ferry networks that move people, vehicles, and freight across sea routes while delivering hospitality experiences onboard. They manage fleets, schedules, ticketing, and port operations to provide safe, reliable connectivity and leisure travel. By integrating transportation logistics with lodging, dining, entertainment, and destination services, they enhance tourism flows and everyday mobility for coastal and island markets.

Operators typically offer scheduled ferry crossings with roll‑on/roll‑off vehicle transport, curated ocean and river cruise itineraries, and integrated ticketing and reservations platforms with dynamic pricing. They deliver onboard hospitality through cabins, dining, retail, and entertainment, and coordinate port services and shore excursions with local partners. Fleet maintenance, safety management, and environmental compliance are core competencies, complemented by CRM‑driven loyalty programs, customer service operations, and charter services for groups and events.

Primary customers include leisure travelers seeking destination experiences, regional commuters needing dependable sea crossings, and travel agencies coordinating group trips. These operators drive reliable coastal connectivity, higher tourism visitation and spend, improved passenger throughput and on-time performance, and greater ancillary revenue from onboard retail and services. They also support economic resilience for island communities by maintaining year‑round services under stringent safety standards.

2. Buyers in the Travel Cruise & Ferry Operators sector

2.1 Top strategic acquirers of Travel Cruise & Ferry Operators companies

Norwegian Cruise Line Holdings Logo

Norwegian Cruise Line Holdings

HQ: United States Website
  • Description: Provider of global cruise vacation experiences operating Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company sails a young, modern fleet to roughly 700 destinations worldwide, delivering high-level onboard service, innovative offerings like Freestyle Cruising and a vision to be the vacation of choice for everyone.
  • Key Products:
  • Cruise Operations via Norwegian Cruise Line: Operates passenger cruise voyages worldwide under the Norwegian brand, providing leisure travel experiences and onboard amenities across its fleet
  • Cruise Operations via Oceania Cruises: Offers cruise travel services through the Oceania Cruises subsidiary, delivering ocean voyages to global destinations for vacation travelers
  • Cruise Operations via Regent Seven Seas Cruises: Delivers cruise travel experiences through Regent Seven Seas Cruises, carrying guests on maritime itineraries to various ports worldwide
  • Corporate Holding & Management Services: Provides strategic oversight, financial management and operational support to its three cruise line subsidiaries as a publicly listed holding company.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Travel Cruise & Ferry Operators sector

M&A buyer group 1: Passenger Airlines

58 companies View group →
Description: Companies in the Travel Passenger Airline Operators category provide scheduled air transport services that connect cities and regions for leisure and business travel. These carriers design route networks, set fare classes, and deliver end-to-end passenger experiences from booking to arrival. They monetize seats and ancillary services, manage safety and regulatory compliance, and compete on schedule reliability, network breadth, service tiers, and loyalty value.
FedEx

FedEx

HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of transportation, ecommerce, and business services, FedEx delivers integrated shipping, logistics, printing, and data-driven solutions through a global network that spans more than 220 countries and territories, aiming to make supply chains smarter via flexible, efficient and intelligent operations.
  • Key Products:
  • Federal Express Shipping: Integrated expedited, standard and economy express transportation for business and residential package shipping worldwide, enabling fast door-to-door delivery across 220+ countries
  • FedEx Freight LTL: Less-than-truckload service offering regional and long-haul freight shipping across U.S.
  • Canada
  • Mexico
  • Puerto Rico and U.S. Virgin Islands with ~355 service centers
  • FedEx Office Print & Pack: In-store and online copying, digital printing, professional finishing, signage, computer rental, corporate print solutions plus packing, shipping and Hold at FedEx Location services
  • FedEx Dataworks Digital Solutions: Data analytics platform that leverages network insights to optimize operations, digitize supply chains and create new revenue opportunities for customers and FedEx.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Travel Cruise & Ferry Operators sector

3.1 - Buyout funds in the Travel Cruise & Ferry Operators sector

Buyout Funds investing in Travel Cruise & Ferry Operators companies

51+ funds
Description: Buyout funds focused on Travel Cruise & Ferry Operators companies globally.

Apollo Global Management

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Travel Cruise & Ferry Operators
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Travel Cruise & Ferry Operators sector

Growth Equity Funds in Travel Cruise & Ferry Operators companies

41+ funds
Description: Growth equity funds focused on Travel Cruise & Ferry Operators companies globally.

Ardian

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Travel Cruise & Ferry Operators
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Travel Cruise & Ferry Operators companies

4.2 - Public trading comparable groups for Travel Cruise & Ferry Operators sector

Valuation benchmark group 1: Resort and Hospitality Operators

13 companies View group →
Description: Public trading comparables in this group are resort and hospitality operators that develop and run integrated destinations spanning lodging, gaming, entertainment, dining, retail, and events. These asset-intensive companies monetize guest visits through room revenue, gaming win, F&B, and ancillary services, often supported by loyalty programs and memberships. They are grouped as valuation benchmarks given similar revenue mix, seasonality, occupancy-driven economics, and capital deployment profiles across properties.
Marriott logo

Marriott

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of hospitality services operating hotels and restaurants, which include room revenue and diverse dining experiences, alongside outsourcing contracts in IT services, business processes, and various consulting roles. Offering guests a variety of lodging options, Marriott strives to create memorable experiences across its many brands. They are committed to innovation and serving their community through sustainable and ethically sound practices.
  • Key Products:
  • Hotel Accommodation: Luxurious and budget-friendly rooms and suites ranging from Marriott Hotels and Resorts to JW Marriott and Courtyard by Marriott
  • Restaurant Services: Diverse dining experiences available within Marriott properties
  • Event Planning: Venues and services for conferences, weddings, and events
  • Loyalty Programs: Marriott Bonvoy rewards program offering points and privileges
  • Vacation Ownership: Timeshare opportunities through Marriott Vacation Clubs.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Travel Cruise & Ferry Operators sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Travel Cruise & Ferry Operators sector

Who are the top strategic acquirers of Travel Cruise & Ferry Operators companies?

Top strategic buyers in this sector include Norwegian Cruise Line Holdings, a provider of global cruise vacation experiences operating norwegian cruise line, oceania cruises and regent seven seas cruises. the company sails a young, modern fleet to roughly 700 destinations worldwide, delivering high-level onboard service, innovative offerings like freestyle cruising and a vision to be the vacation of choice for everyone. .

Which buyer groups are most relevant for Travel Cruise & Ferry Operators companies?

Relevant strategic buyer groups similar to the Travel Cruise & Ferry Operators sector include Passenger Airlines because they share similar customer segments and product capabilities.

Financial Investors in Travel Cruise & Ferry Operators sector

Which are the top PE firms investing in Travel Cruise & Ferry Operators companies?

Potential investors in the broader Travel Cruise & Ferry Operators space include Ardian and Apollo Global Management.

Who are the top buyout funds acquiring Travel Cruise & Ferry Operators companies?

Active PE funds and buyout funds acquiring companies in the Travel Cruise & Ferry Operators space include Apollo Global Management.

Who are the top growth equity funds investing in Travel Cruise & Ferry Operators companies?

Growth funds investing in the broader Travel Cruise & Ferry Operators sector include Ardian.

Valuation of Companies in Travel Cruise & Ferry Operators sector

Which are the key public companies that are relevant trading comps for Travel Cruise & Ferry Operators companies?

Key trading comparable groups include Marriott, a provider of hospitality services operating hotels and restaurants, which include room revenue and diverse dining experiences, alongside outsourcing contracts in it services, business processes, and various consulting roles. offering guests a variety of lodging options, marriott strives to create memorable experiences across its many brands. they are committed to innovation and serving their community through sustainable and ethically sound practices..

Which are the key trading comparable groups for Travel Cruise & Ferry Operators companies?

Similar trading comparable companies include Resort and Hospitality Operators. Our platform tracks detailed trading comparable groups in the Travel Cruise & Ferry Operators sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Travel Cruise & Ferry Operators sector?

Our platform tracks M&A transactions in the Travel Cruise & Ferry Operators sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Travel Cruise & Ferry Operators?

Access recent funding rounds in the Travel Cruise & Ferry Operators sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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