Tourism & leisure industry deals in Q3 2019 total $24.21bn globally

29th October 2019 (Last Updated October 29th, 2019 09:20)

Tourism & leisure industry deals in Q3 2019 total $24.21bn globally

Total tourism & leisure industry deals for Q3 2019 worth $24.21bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 43.4% over the previous quarter and a rise of 11.7% when compared with the last four-quarter average of $21.66bn.

In terms of number of deals, the sector saw a rise of 13.1% over the last four-quarter average with 363 deals against the average of 321 deals.

In value terms, North America led the activity with deals worth $12.92bn.

Tourism & leisure industry deals in Q3 2019: Top deals

The top five tourism & leisure deals accounted for 56.1% of the overall value during Q3 2019.

The combined value of the top five tourism & leisure deals stood at $13.58bn, against the overall value of $24.21bn recorded for the month.

The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:

1) Mirae Asset Global Investments’ $5.8bn private equity deal with Anbang Insurance Group

2) The $2.83bn acquisition of Greek Organization of Football Prognostics by SAZKA Group

3) Joseph Tsai’s $2.35bn acquisition of NBA Media Ventures

4) The $2bn acquisition of Oravel Stays by RA Hospitality Holdings

5) AXA Investment Managers – Real Assets’ asset transaction with Principal Real Estate for $596.06m.

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.