The US tourism & leisure industry saw a drop of 25.6% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 29 deals worth $515.64m were announced in November 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 65.5% of all deals.

In second place was venture financing with six deals, followed by private equity with four transactions, respectively accounting for 20.7% and 13.8% 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 $310m, while private equity and venture financing deals totalled $185.15m and $20.49m, respectively.

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

The top five tourism & leisure industry deals accounted for 96.3% of the overall value during November 2019.

The combined value of the top five tourism & leisure deals stood at $496.65m, against the overall value of $515.64m recorded for the month.

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

1) Qatar Investment Authority’s $310m private equity deal with Marriott International

2) The $143.85m asset transaction with by American Hotel Income Properties REIT

3) Kusa Hospitality’s $27.8m asset transaction with N&S Properties

4) The $12m acquisition of Gotcha Mobility by OjO Electric

5) Freestyle Capital and Tom Williams’ venture financing of ATHAIS for $3m.

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.