Total tourism & leisure industry M&A deals in Q1 2019 worth $2.86bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 43.1% over the previous quarter and a drop of 64.3% when compared with the last four-quarter average of $8.02bn.
The US held a 33.4% share of the global tourism & leisure industry M&A deal value that totalled $8.58bn in Q1 2019.
In terms of deal activity, the US recorded 80 deals during Q1 2019, marking a decrease of 1% over the previous quarter and a rise of 5.3% over the last four-quarter average.
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By GlobalDataThe US tourism & leisure industry M&A deals in Q1 2019: Top deals
The top five tourism & leisure industry M&A deals accounted for 63.1% of the overall value during Q1 2019.
The combined value of the top five tourism & leisure industry M&A deals stood at $1.81bn, against the overall value of $2.86bn recorded for the quarter. The top announced tourism & leisure industry M&A deal tracked by GlobalData in Q1 2019 was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.
In second place was the $400m acquisition of Hotel Tonight by Airbnb and in third place was Davidson Kempner Service Company’s $302m asset transaction with Host Hotels & Resorts.
The $300m stake acquisition of ATLANTA FALCONS FOOTBALL CLUB by Alan Kestenbaum, Doug Hertz and Ron Canakaris and Ashford Hospitality Trust’s asset transaction with 310-room Embassy Suites for $195m held fourth and fifth positions, respectively.
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.