North America’s tourism & leisure industry sees a drop of 18% in deal activity in April 2019

24th May 2019 (Last Updated May 24th, 2019 17:51)

North America’s tourism & leisure industry sees a drop of 18% in deal activity in April 2019

North America’s tourism & leisure industry saw a drop of 18% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 32 tourism & leisure industry deals worth $1.89bn were announced for the region in April 2019, against the 12-month average of 39 deals.

Of all the deal types, M&A saw most activity in April 2019 with 17 transactions, representing a 53.1% share for the region.

In second place was private equity with eight deals, followed by venture financing deals with seven transactions, respectively capturing a 25% and 21.9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $1.77bn, while venture financing and private equity deals totalled $100.13m and $13.4m, respectively.

North America tourism & leisure industry deals in April 2019: Top deals

The top five tourism & leisure deals accounted for 96.4% of the overall value during April 2019.

The combined value of the top five tourism & leisure deals stood at $1.82bn, against the overall value of $1.89bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in April 2019 was Sonic Financial’s $837.46m stake acquisition of Speedway Motorsports.

In second place was the $745m asset transaction with Jack Entertainment by Hard Rock International and VICI Properties and in third place was Arbor Lodging Partners’ $135m asset transaction with Summit Hotel Properties.

The $56m acquisition of Great American Gaming by Maverick Gaming and Battery Ventures, Canaan Partners, Conductive Ventures, David Rogier, Dennis Wong, Michael Zeisser, New Enterprise Associates, Stanford University, SVB Capital Partners, The Dreamers Fund and Will Smith’s venture financing of KSV Services for $46m 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.