Total tourism & leisure industry M&A deals in May 2019 worth $6.03bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 193.4% over the previous month and a rise of 65.2% when compared with the last 12-month average, which stood at $3.65bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.02bn. At the country level, France topped the list in terms of deal value at $2.24bn.
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 May 2019 was the US with 14 deals, followed by the UK with eight and Spain with four.
In 2019, as of the end of May 2019, tourism & leisure M&A deals worth $15.65bn were announced globally, marking a decrease of 55.9% year on year.
Tourism & leisure industry M&A deals in May 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 86.9% of the overall value during May 2019.
The combined value of the top five tourism & leisure industry M&A deals stood at $5.24bn, against the overall value of $6.03bn recorded for the month. The top announced tourism & leisure industry M&A deal tracked by GlobalData in May 2019 was The Goldman Sachs Group’s $2.24bn acquisition of B & B Hotels.
In second place was the $2bn acquisition of International Speedway by NASCAR Media Group and in third place was Air Canada’s $438.6m acquisition of Transat A.T..
The $413.42m acquisition of Leisure Group by Oravel Stays and Rank BidCo’s acquisition of Stride Gaming for $145.51m 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.