Total tourism & leisure industry deals for April 2019 worth $2.71bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 47.6% over the previous month and a drop of 55.5% when compared with the last 12-month average of $6.1bn.
In terms of number of deals, the sector saw a drop of 8% over the last 12-month average with 92 deals against the average of 100 deals.
In value terms, North America led the activity with deals worth $1.89bn.
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By GlobalDataTourism & leisure industry deals in April 2019: Top deals
The top five tourism & leisure deals accounted for 78.4% of the overall value during April 2019.
The combined value of the top five tourism & leisure deals stood at $2.13bn, against the overall value of $2.71bn 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 Getaround’s $300m acquisition of Drivy.
The $135m asset transaction with Summit Hotel Properties by Arbor Lodging Partners and Heeton Holdings, Ho Lee Group and KSH Holdings’ asset transaction with L.C. (London) for $110.13m 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.