Tuesday 25 February 2020

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Global tourism sector deals total $5.68bn in Dec 2019

LONDON, 26 days ago

Total tourism and leisure industry deals for December 2019 worth $5.68 billion were announced globally, according to GlobalData’s deals database.

The value marked an increase of 15.4 per cent over the previous month and a drop of 36.7 per cent when compared with the last 12-month average of $8.98 billion.

In terms of the number of deals, the sector saw a drop of 6.8 per cent over the last 12-month average with 109 deals against the average of 117 deals.

In value terms, North America led the activity with deals worth $2.55 billion.

Tourism and leisure industry deals in December 2019: Top deals

The top five tourism and leisure deals accounted for 81.8 per cent of the overall value during December 2019.

The combined value of the top five tourism & leisure deals stood at $4.65 billion, against the overall value of $5.68 billion recorded for the month.

The top five tourism & leisure industry deals of December 2019 tracked by GlobalData were:
1. Cineworld Group’s $2.13 billion acquisition of Cineplex
2. The $1.32 billion acquisition of Orbis by AccorInvest
3. Bernard Arnault Group’s $874.58 million acquisition of AC Milan
4. The $190 million asset transaction with by Xenia Hotels & Resorts
5. Twenty14 Holdings’ asset transaction with Galliard Homes for $144.49 million. - TradeArabia News Service


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