North America’s tourism & leisure industry sees a drop of 11.5% in deal activity in Q4 2019

21st February 2020 (Last Updated February 25th, 2020 05:16)

North America’s tourism & leisure industry sees a drop of 11.5% in deal activity in Q4 2019

North America’s tourism & leisure industry saw a drop of 11.5% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 116 deals worth $20.78bn were announced for the region during Q4 2019, against the last four-quarter average of 131 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 71, representing a 61.2% share for the region.

In second place was venture financing with 29 deals, followed by private equity deals with 16 transactions, respectively capturing a 25% and 13.8% 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 $17.91bn, while private equity and venture financing deals totalled $2.44bn and $426.46m, respectively.

North America tourism & leisure industry deals in Q4 2019: Top deals

The top five tourism & leisure deals accounted for 72.7% of the overall value during Q4 2019.

The combined value of the top five tourism & leisure deals stood at $15.1bn, against the overall value of $20.78bn recorded for the quarter.

The top five tourism & leisure industry deals of Q4 2019 tracked by GlobalData were:

1) ‘s $6bn merger of The Stars Group and Flutter Entertainment

2) The $4.25bn asset transaction with MGM Resorts International by Blackstone Real Estate Income Trust

3) Cineworld Group’s $2.13bn acquisition of Cineplex

4) The $1.89bn private equity deal with Great Wolf Resorts by The Blackstone Group

5) VICI Properties’ asset transaction with for $843.3m.

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.