North America’s tourism & leisure industry saw a rise of 31.7% in overall deal activity during Q4 2018, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 133 deals worth $6.63 billion were announced for the region during Q4 2018, against the four-quarter average of 101 deals.
Of all the deal types, M&A saw most activity in Q4 2018 with 88, representing a 66.2% share for the region.
In second place was venture financing with 29 deals, followed by private equity deals with 16 transactions, respectively capturing a 21.8% and 12.03% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $5.38bn, while private equity and venture financing deals totalled $1.03bn and $217.73m, respectively.
North America tourism & leisure industry deals in Q4 2018: Top deals
The top five tourism & leisure deals accounted for 65.8% of the overall value during Q4 2018.
The combined value of the top five tourism & leisure deals stood at $4.37bn, against the overall value of $6.63bn recorded for the quarter. The top announced tourism & leisure deal tracked by GlobalData in Q4 2018 was NASCAR Media Group’s $1.85bn acquisition of International Speedway.
In second place was the $820 million acquisition of Target Lodging Management, which formed part of a three-way merger with Platinum Eagle, Target Lodging and Signor Lodging. In third place was VICI Properties’ $700 million asset transaction with GREEKTOWN CASINO.
The $695.63 million private equity deal with Hilton Worldwide Holdings by Pershing Square Capital Management and Penn National Gaming and VICI Properties’ asset transaction with GREEKTOWN CASINO and Jack Entertainment for $300 million held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.