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US Tourism and Leisure Drops in Q2

North America’s tourism and leisure industry saw a drop of 52 percent in overall deal activity during the second quarter (Q2) of this year, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 60 deals worth USD3,3 billion were announced for the region during Q2 of this year, against the last four-quarter average of 125 deals.

Of all the deal types, mergers and acquisitions (M&A) saw most activity in Q2 with 36, representing a 60 percent share for the region.

In second place was venture financing with 20 deals, followed by private equity deals with four transactions, respectively capturing a 33,3 percent and 6,7 percent share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in North America’s tourism and leisure industry with USD2,25 billion, while venture financing and M&A deals totalled USD666,95 million and USD387,67 million, respectively.