The US tourism & leisure industry saw a drop of 10.3% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
A total of 35 deals worth $415.18m were announced in December 2019, compared to the 12-month average of 39 deals.
M&A was the leading category in the month in terms of volume with 19 deals which accounted for 54.3% of all deals.
In second place was venture financing with 11 deals, followed by private equity with five transactions, respectively accounting for 31.4% and 14.3% of overall deal activity in the country’s tourism & leisure industry during the month.
In terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $321.35m, while venture financing and private equity deals totalled $54.33m and $39.5m, respectively.
US tourism & leisure industry deals in December 2019: Top deals
The top five tourism & leisure industry deals accounted for 81.1% of the overall value during December 2019.
The combined value of the top five tourism & leisure deals stood at $336.65m, against the overall value of $415.18m recorded for the month.
The top five tourism & leisure industry deals of December 2019 tracked by GlobalData were:
- Xenia Hotels & Resorts’s $190m asset transaction with
- The $84m asset transaction with Park Hotels & Resorts by Stonebridge Companies and Walton Street Capital
- AAM 15 Management’s $39.5m private equity deal with Courtyard by Marriott Yonkers Westchester County and Residence Inn by Marriott Yonkers
- The $20m venture financing of WhyHotel by Camber Creek, Geolo Capital, Harbert Growth Partners, Highland Capital Partners, Mark Nunnelly, Rise of the Rest Seed Fund and Working Lab Capital
- OL Groupe’s acquisition of Reign FC for $3.15m.