Total tourism & leisure industry M&A deals in Q2 2019 worth $21.61bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 651.1% over the previous quarter and a rise of 228.5% when compared with the last four-quarter average of $6.58bn.
The US held a 71.2% share of the global tourism & leisure industry M&A deal value that totalled $30.36bn in Q2 2019.
In terms of deal activity, the US recorded 60 deals during Q2 2019, marking a drop of 22.1% over the previous quarter and a drop of 23.1% over the last four-quarter average.
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By GlobalDataThe US tourism & leisure industry M&A deals in Q2 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 95.2% of the overall value during Q2 2019.
The combined value of the top five tourism & leisure industry M&A deals stood at $20.58bn, against the overall value of $21.61bn recorded for the quarter. The top announced tourism & leisure industry M&A deal tracked by GlobalData in Q2 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.
In second place was the $2bn acquisition of International Speedway by NASCAR Media Group and in third place was Hard Rock International and VICI Properties’ $745m asset transaction with Jack Entertainment.
The $275m asset transaction with Remington Holdings by Ashford and Cedar Fair’s asset transaction with Schlitterbahn Waterparks for $261m 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.