Total tourism & leisure industry deals for December 2019 worth $5.68bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 15.4% over the previous month and a drop of 36.7% when compared with the last 12-month average of $8.98bn.

In terms of number of deals, the sector saw a drop of 6.8% over the last 12-month average with 109 deals against the average of 117 deals.

In value terms, North America led the activity with deals worth $2.55bn.

Tourism & leisure industry deals in December 2019: Top deals

The top five tourism & leisure deals accounted for 81.8% of the overall value during December 2019.

The combined value of the top five tourism & leisure deals stood at $4.65bn, against the overall value of $5.68bn recorded for the month.

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

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

2) The $1.32bn acquisition of Orbis by AccorInvest

3) Bernard Arnault Group’s $874.58m acquisition of AC Milan

4) The $190m asset transaction with by Xenia Hotels & Resorts

5) Twenty14 Holdings’ asset transaction with Galliard Homes for $144.49m.

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.