Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.45bn. At the country level, Canada topped the list in terms of deal value at $2.13bn.
Total tourism & leisure industry M&A deals in December 2019 worth $5.38bn were announced globally, according to GlobalData’s deals database.
The value marked an increase of 67.02% over the previous month and a drop of 13.5% when compared with the last 12-month average, which stood at $6.23bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.45bn. At the country level, Canada topped the list in terms of deal value at $2.13bn.
In terms of volumes, Europe emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in December 2019 was the US with 19 deals, followed by the UK with seven and Canada with three.
In 2019, as of the end of December 2019, tourism & leisure M&A deals worth $78.94bn were announced globally, marking an increase of 24.5% year on year.
Tourism & leisure industry M&A deals in December 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 86.4% of the overall value during December 2019.
The combined value of the top five tourism & leisure M&A deals stood at $4.65bn, against the overall value of $5.38bn recorded for the month.
The top five tourism & leisure industry deals of December 2019 tracked by GlobalData were:
- Cineworld Group’s $2.13bn acquisition of Cineplex
- The $1.32bn acquisition of Orbis by AccorInvest
- Bernard Arnault Group’s $874.58m acquisition of AC Milan
- The $190m asset transaction with by Xenia Hotels & Resorts
- Twenty14 Holdings’ asset transaction with Galliard Homes for $144.49m.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
