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  1. Deals Analysis
April 24, 2019

North America’s tourism & leisure industry sees a drop of 5% in deal activity in March 2019

North America’s tourism & leisure industry saw a drop of 5% in deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 38 tourism & leisure industry deals worth $742.07m were announced for the region in March 2019, against the 12-month average of 40 deals.

Of all the deal types, M&A saw most activity in March 2019 with 24 transactions, representing a 63.2% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with four transactions, respectively capturing a 26.3% and 10.5% 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 $696.49m, while venture financing and private equity deals totalled $35.14m and $10.44m, respectively.

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

The top five tourism & leisure deals accounted for 70.7% of the overall value during March 2019.

The combined value of the top five tourism & leisure deals stood at $524.4m, against the overall value of $742.07m recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in March 2019 was Alan Kestenbaum, Doug Hertz and Ron Canakaris’ $300m acquisition of ATLANTA FALCONS FOOTBALL CLUB.

In second place was the $85.7m asset transaction with 353-key Marriott Mission Valley by Driftwood Acquisitions and Development and in third place was Wurzak Hotel Group’s $62m asset transaction with Renaissance Fort Lauderdale Cruise Port Hotel.

The $45m acquisition of Vegas.com by VDC-MGG Holdings and Apple Hospitality REIT’s asset transaction with Vista Host for $31.7m 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.

 

Related Companies

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.

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