North America’s tourism & leisure industry sees a rise of 5.1% in deal activity in June 2019

15th July 2019 (Last Updated July 15th, 2019 18:03)

North America’s tourism & leisure industry sees a rise of 5.1% in deal activity in June 2019

North America’s tourism & leisure industry saw a rise of 5.1% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 41 tourism & leisure industry deals worth $18.56bn were announced for the region in June 2019, against the 12-month average of 39 deals.

Of all the deal types, M&A saw most activity in June 2019 with 29 transactions, representing a 70.7% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with two transactions, respectively capturing a 24.4% and 4.9% 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 $18.47bn, followed by venture financing deals with $82.13m.

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

The top five tourism & leisure deals accounted for 97.7% of the overall value during June 2019.

The combined value of the top five tourism & leisure deals stood at $18.12bn, against the overall value of $18.56bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in June 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $275m asset transaction with Remington Holdings by Ashford and in third place was Cedar Fair’s $261m asset transaction with Schlitterbahn Waterparks.

The $180m acquisition of The New York Cosmos by Rocco B. Commisso and Century Casinos’ asset transaction with Eldorado Resorts for $107m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

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.