US tourism & leisure industry sees a drop of 10.3% in deal activity in December 2019

22nd January 2020 (Last Updated January 22nd, 2020 13:57)

US tourism & leisure industry sees a drop of 10.3% in deal activity in December 2019

The US tourism & leisure industry saw a drop of 10.3% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 35 deals worth $415.18m were announced in December 2019, compared to the 12-month average of 39 deals.

M&A was the leading category in the month in terms of volume with 19 deals which accounted for 54.3% of all deals.

In second place was venture financing with 11 deals, followed by private equity with five transactions, respectively accounting for 31.4% and 14.3% of overall deal activity in the country’s tourism & leisure industry during the month.

In terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $321.35m, while venture financing and private equity deals totalled $54.33m and $39.5m, respectively.

US tourism & leisure industry deals in December 2019: Top deals

The top five tourism & leisure industry deals accounted for 81.1% of the overall value during December 2019.

The combined value of the top five tourism & leisure deals stood at $336.65m, against the overall value of $415.18m recorded for the month.

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

1) Xenia Hotels & Resorts’s $190m asset transaction with

2) The $84m asset transaction with Park Hotels & Resorts by Stonebridge Companies and Walton Street Capital

3) AAM 15 Management’s $39.5m private equity deal with Courtyard by Marriott Yonkers Westchester County and Residence Inn by Marriott Yonkers

4) The $20m venture financing of WhyHotel by Camber Creek, Geolo Capital, Harbert Growth Partners, Highland Capital Partners, Mark Nunnelly, Rise of the Rest Seed Fund and Working Lab Capital

5) OL Groupe’s acquisition of Reign FC for $3.15m.

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.