North America’s tourism & leisure industry saw a drop of 35.48% in deal activity during November 2022, when compared with the last 12-month average, led by Hyatt Hotels’ $300m asset transaction with Dream Hotel Group, according to GlobalData’s deals database.
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A total of 20 tourism & leisure industry deals worth $611.9m were announced for the region in November 2022, against the 12-month average of 31 deals.
Of all the deal types, M&A saw most activity in November 2022 with 12 transactions, representing a 60% share for the region.
In second place was venture financing with seven deals, followed by private equity deals with one transactions, respectively capturing a 35% and 5% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $568.55m, followed by venture financing deals totalled $43.38m.
North America tourism & leisure industry deals in November 2022: Top deals
The top five tourism & leisure deals accounted for 99.5% of the overall value during November 2022.
The combined value of the top five tourism & leisure deals stood at $608.8m, against the overall value of $611.9m recorded for the month.
The top five tourism & leisure industry deals of November 2022 tracked by GlobalData were:
1) Hyatt Hotels’s $300m asset transaction deal with Dream Hotel Group
2) The $267.8m asset transaction for 210-Room Four Seasons Resort Scottsdale at Troon North by Braemar Hotels & Resorts
3) 14W Venture Partners, Brian Kelly, Charles River Ventures, Declaration Partners, Gwyneth Paltrow, Jessica Alba and William Morris Endeavor’s $26m venture financing deal with ResortPass
4) The $9m venture financing of Hoken Holdings by B&Y Venture Partners and Streamlined Ventures
5) Enduring Ventures’s $6m venture financing deal with At Mine Hospitality