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US Tourism and Leisure Industry Sees a Drop in February

The US tourism and leisure industry saw a drop of 18,9 percent in overall deal activity during February, when compared with the last 12-month average, according to GlobalData’s deals database.

A total of 30 deals worth USD458,86 million were announced in February, compared to the 12-month average of 37 deals.
Mergers and Acquisitions (M&A) was the leading category in the month in terms of volume with 19 deals which accounted for 63,3 percent of all deals.

In second place was venture financing with seven deals, followed by private equity with four transactions, respectively accounting for 23,3 percent and 13,3 percent of overall deal activity in the country’s tourism and leisure industry during the month.

In terms of value of deals, private equity was the leading deal category in the US tourism and leisure industry with total deals worth USD238 million, while M&A and venture financing deals totalled USD181,7 million and USD39,16 million, respectively.