The US tourism & leisure industry saw a rise of 5.6% in overall deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 38 deals worth $2.54bn were announced in May 2019, compared to the 12-month average of 36 deals.

Venture financing was the leading category in the month in terms of volume with 20 deals which accounted for 52.6% of all deals.

In second place was M&A with 14 deals, followed by private equity with four transactions, respectively accounting for 36.8% and 10.5% of overall deal activity in the country’s tourism & leisure industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US tourism & leisure industry with total deals worth $2.2bn, while venture financing deals totalled $334.94m.

US tourism & leisure industry deals in May 2019: Top deals

The top five tourism & leisure industry deals accounted for 93.05% of the overall value during May 2019.

The combined value of the top five tourism & leisure industry deals stood at $2.36bn, against the overall value of $2.54bn recorded for the month. The top announced US tourism & leisure industry deal tracked by GlobalData in May 2019 was NASCAR Media Group’s $2bn acquisition of International Speedway.

In second place was the $200m venture financing of Gett by Access Industries, Kreos Capital Group, Len Blavatnik, MCI Capital and Volkswagen and in third place was Viad’s $73.64m asset transaction with Mountain Park Lodges.

The $47m venture financing of Tourlane by DN Capital (UK), HV Holtzbrinck Ventures Adviser, Sequoia Capital Operations and Spark Capital and LR Palm House’s asset transaction with 160 Royal Palm for $39.6m held fourth and fifth positions, respectively.

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.