Tourism & leisure industry M&A deals in October 2019 total $13.29bn globally

21st November 2019 (Last Updated November 21st, 2019 11:00)

Tourism & leisure industry M&A deals in October 2019 total $13.29bn globally

Total tourism & leisure industry M&A deals in October 2019 worth $13.29bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 508.3% over the previous month and a rise of 161.4% when compared with the last 12-month average, which stood at $5.08bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $12.39bn. At the country level, the US topped the list in terms of deal value at $6.27bn.

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 October 2019 was the US with 19 deals, followed by the UK with 12 and Australia with six.

In 2019, as of the end of October 2019, tourism & leisure M&A deals worth $66.45bn were announced globally, marking an increase of 15.6% year on year.

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

The top five tourism & leisure industry M&A deals accounted for 91.6% of the overall value during October 2019.

The combined value of the top five tourism & leisure M&A deals stood at $12.17bn, against the overall value of $13.29bn recorded for the month.

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

1) The $6bn merger of The Stars Group and Paddy Power Betfair

2) The $4.25bn asset transaction with MGM Resorts International by Blackstone Real Estate Income Trust

3) VICI Properties’ $843.3m asset transaction with

4) The $825m asset transaction with Phil Ruffin by MGM Resorts International

5) Summit Hotel Properties and GIC’s asset transaction with for $249m.

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.