Tourism & leisure industry M&A deals in April 2019 total $2.36bn globally

20th May 2019 (Last Updated May 20th, 2019 11:29)
Tourism & leisure industry M&A deals in April 2019 total $2.36bn globally

Total tourism & leisure industry M&A deals in April 2019 worth $2.36bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 48.2% over the previous month and a drop of 52.4% when compared with the last 12-month average, which stood at $4.95bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.77bn. At the country level, the US topped the list in terms of deal value at $1.77bn.

In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of M&A deals activity in April 2019 was the US with 17 deals, followed by the UK with nine and India with four.

In 2019, as of the end of April 2019, tourism & leisure M&A deals worth $9.22bn were announced globally, marking a decrease of 68.8% year on year.

Tourism & leisure industry M&A deals in April 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 90.3% of the overall value during April 2019.

The combined value of the top five tourism & leisure industry M&A deals stood at $2.13bn, against the overall value of $2.36bn recorded for the month. The top announced tourism & leisure industry M&A deal tracked by GlobalData in April 2019 was Sonic Financial’s $837.46m stake acquisition of Speedway Motorsports.

In second place was the $745m asset transaction with Jack Entertainment by Hard Rock International and VICI Properties and in third place was Getaround’s $300m acquisition of Drivy.

The $135m asset transaction with Summit Hotel Properties by Arbor Lodging Partners and Heeton Holdings, Ho Lee Group and KSH Holdings’ asset transaction with L.C. (London) for $110.13m 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. 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.