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  1. Deals Analysis
November 21, 2019

US tourism & leisure industry sees a drop of 25.6% in deal activity in October 2019

The US tourism & leisure industry saw a drop of 25.6% in overall deal activity during October 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 $8.69bn were announced in October 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 private equity and venture financing have five transactions each and accounting for 17.2% respectively 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 $6.27bn, while private equity and venture financing deals totalled $2.09bn and $326.7m, respectively.

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

The top five tourism & leisure industry deals accounted for 93.5% of the overall value during October 2019.

The combined value of the top five tourism & leisure deals stood at $8.12bn, against the overall value of $8.69bn recorded for the month.

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

1) Blackstone Real Estate Income Trust’s $4.25bn asset transaction with MGM Resorts International

2) The $1.89bn private equity deal with Great Wolf Resorts by The Blackstone Group

3) VICI Properties’ $843.3m asset transaction with

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

5) Level Equity Management, NewSpring Capital, Riverwood Capital and Silver Lake Partners’ venture financing of Vacasa for $319m.

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.

 

Related Companies

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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