Total tourism & leisure industry deals for Q4 2018 worth $16.35bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 21.02% over the previous quarter and a drop of 41.02% when compared with the last four-quarter average of $27.73bn.
In terms of number of deals, the sector saw a rise of 8.4% over the last four-quarter average with 296 deals against the average of 273 deals.
In value terms, Europe led the activity with deals worth $6.98bn.
Tourism & leisure industry deals in Q4 2018 : Top deals
The top five tourism & leisure industry deals accounted for 49.2% of the overall value during Q4 2018.
The combined value of the top five tourism & leisure industry deals stood at $8.04bn, against the overall value of $16.35bn recorded for the quarter. The top announced tourism & leisure industry deal tracked by GlobalData in Q4 2018 was Jin Jiang International Hotel Management’s $3.97bn acquisition of Radisson Hospitality.
In second place was NASCAR Media Group’s acquisition of International Speedway for $1.85bn and in third place was Target Lodging’s $820m acquisition of Target Lodging Management.
VICI Properties’ $700m asset transaction with GREEKTOWN CASINO and Pershing Square Capital Management’s private equity deal with Hilton Worldwide Holdings for $695.63m 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.
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.