U.S. Travel Industry Took Double-Digit Skid in Late 2019

Caribbean News…
02 February 2020 3:34am
Statue of Liberty and American flag

By Verónica de Santiago

The US tourism & leisure industry saw a drop of 10.3 percent 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 $415.18 million 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 percent of all deals.

In second place was venture financing with 11 deals, followed by private equity with five transactions, respectively accounting for 31.4 percent and 14.3 percent 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 $321.35 million, while venture financing and private equity deals totaled $54.33 million and $39.5 million, respectively.

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