Q3 2019 M&A deals in tourism and leisure worth $5.6bn in US: Report

Q3 2019 M&A deals in tourism and leisure worth $5.6bn in US: Report
Joe Tsai
Published: 26 November 2019 - 5 a.m.
By: Josh Corder

GlobalData has reported that tourism and leisure industry merger and acquisition (M&A) deals in Q3 2019 were worth US$5.61 billion (AED 20.6 billion) in the US.

This figure marks a 74.8% decrease compared to Q2 2019 and a 36.5% decrease compared to the Q3 2018 figure, which was $8.88 billion.

In total, the value of M&A deals in tourism and leisure in Q3 2019 globally was $13.9 billion, giving the US a 40.4% share.

GlobalData noted that 67.3% of the US Q3 2019 figure came from just five deals, with a combined value of $3.78 billion.

These five deals, according to 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; and VCM’s asset transaction with American Hotel Income Properties REIT for $215.5m.

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