Total tourism & leisure industry M&A deals in Q3 2019 worth $5.61bn were announced in the US, according to GlobalData’s deals database.
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 totaled $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:
- Joseph Tsai’s $2.35bn acquisition of NBA Media Ventures
- The $516.3m asset transaction with Caesars Entertainment by Imperial Companies
- Vail Resorts’ $463.6m acquisition of Peak Resorts
- The $230m asset transaction with Eldorado Resorts by Twin River Worldwide Holdings
- VCM’s asset transaction with American Hotel Income Properties REIT for $215.5m.