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  1. Deals Analysis
July 16, 2019

US tourism & leisure industry sees a rise of 2.8% in deal activity in June 2019

The US tourism & leisure industry saw a rise of 2.8% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 37 deals worth $18.55bn were announced in June 2019, compared to the 12-month average of 36 deals.

M&A was the leading category in the month in terms of volume with 26 deals which accounted for 70.3% of all deals.

In second place was venture financing with ten deals, followed by private equity with one transactions, respectively accounting for 27.03% and 2.7% of overall deal activity in the country’s tourism & leisure industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $18.47bn, followed by private equity deals worth $82.13m.

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

The top five tourism & leisure industry deals accounted for 97.7% of the overall value during June 2019.

The combined value of the top five tourism & leisure industry deals stood at $18.12bn, against the overall value of $18.55bn recorded for the month. The top announced US tourism & leisure industry deal tracked by GlobalData in June 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $275m asset transaction with Remington Holdings by Ashford and in third place was Cedar Fair’s $261m asset transaction with Schlitterbahn Waterparks.

The $180m acquisition of The New York Cosmos by Rocco B. Commisso and Century Casinos’ asset transaction with Eldorado Resorts for $107m 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.


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