North America’s tourism & leisure industry sees a flat growth in deal activity in Q2 2019

17th July 2019 (Last Updated July 17th, 2019 11:56)

North America’s tourism & leisure industry sees a flat growth in deal activity in Q2 2019

North America’s tourism & leisure industry saw a flat growth in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 118 deals worth $22.82bn were announced for the region during Q2 2019, against the last four-quarter average of 118 deals.

Of all the deal types, M&A saw most activity in Q2 2019 with 67, representing a 56.8% share for the region.

In second place was venture financing with 36 deals, followed by private equity deals with 15 transactions, respectively capturing a 30.5% and 12.7% 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 $22.5bn, while venture financing and private equity deals totalled $308.88m and $13.4m, respectively.

North America tourism & leisure industry deals in Q2 2019: Top deals

The top five tourism & leisure deals accounted for 91.7% of the overall value during Q2 2019.

The combined value of the top five tourism & leisure deals stood at $20.93bn, against the overall value of $22.82bn recorded for the quarter. The top announced tourism & leisure deal tracked by GlobalData in Q2 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $2bn acquisition of International Speedway by NASCAR Media Group and in third place was Hard Rock International and VICI Properties’ $745m asset transaction with Jack Entertainment.

The $444.74m acquisition of Transat A.T. by Group Mach and Air Canada’s acquisition of Transat A.T. for $438.6m 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.