Tourism & leisure industry deals in Q2 2019 total $41.7bn globally

17th July 2019 (Last Updated July 17th, 2019 10:38)

Tourism & leisure industry deals in Q2 2019 total $41.7bn globally

Total tourism & leisure industry deals for Q2 2019 worth $41.7bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 219.3% over the previous quarter and a rise of 130.4% when compared with the last four-quarter average of $18.1bn.

In terms of number of deals, the sector saw a rise of 17.3% over the last four-quarter average with 353 deals against the average of 301 deals.

In value terms, North America led the activity with deals worth $22.82bn.

Tourism & leisure industry deals in Q2 2019: Top deals

The top five tourism & leisure deals accounted for 76.6% of the overall value during Q2 2019.

The combined value of the top five tourism & leisure deals stood at $31.92bn, against the overall value of $41.7bn 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 $7.56bn private equity deal with Merlin Entertainments by Canada Pension Plan Investment Board, KIRKBI Invest and The Blackstone Group and in third place was Agapier Investments’ $2.83bn stake acquisition of Millennium & Copthorne Hotels.

The $2.24bn acquisition of B & B Hotels by The Goldman Sachs Group and NASCAR Media Group’s acquisition of International Speedway for $2bn 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.