Total tourism & leisure industry deals for May 2019 worth $7.53bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 213.7% over the previous month and a rise of 58.3% when compared with the last 12-month average of $4.75bn.

In terms of number of deals, the sector saw a rise of 16% over the last 12-month average with 116 deals against the average of 100 deals.

In value terms, Europe led the activity with deals worth $3.75bn.

Tourism & leisure industry deals in May 2019: Top deals

The top five tourism & leisure deals accounted for 74.1% of the overall value during May 2019.

The combined value of the top five tourism & leisure deals stood at $5.57bn, against the overall value of $7.53bn recorded for the month. The top announced tourism & leisure deal tracked by GlobalData in May 2019 was The Goldman Sachs Group’s $2.24bn acquisition of B & B Hotels.

In second place was the $2bn acquisition of International Speedway by NASCAR Media Group and in third place was Korelya Capital, Lakestar Capital, SoftBank Vision Fund, Sunstone Capital, Swisscanto and Temasek Holding’s $484m venture financing of GetYourGuide.

The $438.6m acquisition of Transat A.T. by Air Canada and Oravel Stays’ acquisition of Leisure Group for $413.42m 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.