Churchill Downs’ $3bn acquisition deal with Sioux City Entertainment was the tourism & leisure industry’s biggest deal of Q3 2022 as deals worth $13.3bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 9.2% over the previous quarter and a drop of 53.5% when compared with the last four-quarter average of $28.67bn.

In terms of number of deals, the sector saw a drop of 16.41% with 200 deals in Q3 2022 against the average of 239.25 deals in the last four-quarters.

In value terms, North America led the activity with deals worth $5.47bn.

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tourism & leisure industry deals in Q3 2022: Top deals

The top five tourism & leisure industry deals accounted for 39.9% of the overall value during Q3 2022.

The combined value of the top five deals stood at $5.31bn, against the overall value of $13.3bn recorded for the quarter.

The top five tourism & leisure industry deals of Q3 2022 tracked by GlobalData were:

1) Churchill Downs’s $3bn acquisition deal with Sioux City Entertainment

2) The $944.32m acquisition of 75% stake in SuperSport by Entain

3) Cain International and The Saudi Public Investment Fund’s $900m private equity deal with Aman Group

4) The $300m venture financing deal with PT Traveloka Indonesia by Allianz Global Investors, BlackRock Capital Investment, Indonesia Investment Authority and Orion Capital Asia

5) Fattal Group’s $168.01m acquisition deal with Dunas Capital and KKR