Total tourism & leisure industry M&A deals in Q3 2019 worth $5.61bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 74.8% over the previous quarter and a drop of 36.5% when compared with the last four-quarter average of $8.88bn.
The US held a 40.4% share of the global tourism & leisure industry M&A deal value that totalled $13.9bn in Q3 2019.
In terms of deal activity, the US recorded 90 deals during Q3 2019, marking a rise of 40.6% over the previous quarter and a rise of 20% over the last four-quarter average.
The US tourism & leisure industry M&A deals in Q3 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 67.3% of the overall value during Q3 2019.
The combined value of the top five tourism & leisure M&A deals stood at $3.78bn, against the overall value of $5.61bn recorded for the month.
The top five tourism & leisure industry deals of Q3 2019 tracked by GlobalData were:
1) Joseph Tsai’s $2.35bn acquisition of NBA Media Ventures
2) The $516.3m asset transaction with Caesars Entertainment by Imperial Companies
3) Vail Resorts‘ $463.6m acquisition of Peak Resorts
4) The $230m asset transaction with Eldorado Resorts by Twin River Worldwide Holdings
5) VCM’s asset transaction with American Hotel Income Properties REIT for $215.5m.
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.