The US tourism & leisure industry saw a drop of 13.9% in overall deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the code below into your website to display the chart.
A total of 31 deals worth $1.89bn were announced in April 2019, compared to the 12-month average of 36 deals.
M&A was the leading category in the month in terms of volume with 17 deals which accounted for 54.8% of all deals.
In second place was private equity with seven deals, followed by venture financing with seven transactions, respectively accounting for 22.6% and 22.6% of overall deal activity in the country’s tourism & leisure industry during the month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $1.77bn, while venture financing and private equity deals totalled $100.13m and $13.4m, respectively.
US tourism & leisure industry deals in April 2019: Top deals
The top five tourism & leisure industry deals accounted for 96.4% of the overall value during April 2019.
The combined value of the top five tourism & leisure industry deals stood at $1.82bn, against the overall value of $1.89bn recorded for the month. The top announced US tourism & leisure industry 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 Arbor Lodging Partners’ $135m asset transaction with Summit Hotel Properties.
The $56m acquisition of Great American Gaming by Maverick Gaming and Battery Ventures, Canaan Partners, Conductive Ventures, David Rogier, Dennis Wong, Michael Zeisser, New Enterprise Associates, Stanford University, SVB Capital Partners, The Dreamers Fund and Will Smith’s venture financing of KSV Services for $46m 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.
