North America’s tourism & leisure industry sees a drop of 21.5% in deal activity in Q1 2020

22nd April 2020 (Last Updated April 22nd, 2020 14:49)

North America’s tourism & leisure industry sees a drop of 21.5% in deal activity in Q1 2020

North America’s tourism & leisure industry saw a drop of 21.5% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 102 deals worth $7.56bn were announced for the region during Q1 2020, against the last four-quarter average of 130 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 62, representing a 60.8% share for the region.

In second place was venture financing with 24 deals, followed by private equity deals with 16 transactions, respectively capturing a 23.5% and 15.7% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s tourism & leisure industry with $6.66bn, while private equity and venture financing deals totalled $746m and $158.25m, respectively.

North America tourism & leisure industry deals in Q1 2020: Top deals

The top five tourism & leisure deals accounted for 81.4% of the overall value during Q1 2020.

The combined value of the top five tourism & leisure deals stood at $6.15bn, against the overall value of $7.56bn recorded for the quarter.

The top five tourism & leisure industry deals of Q1 2020 tracked by GlobalData were:

1) Blackstone Real Estate Income Trust and MGM Growth Properties’ $4.6bn asset transaction with MGM Resorts International

2) The $660m acquisition of On Location Events by ENDEAVOR OPERATING COMPANY

3) Gaming and Leisure Properties’s $337.5m asset transaction with Penn National Gaming

4) The $325m private equity deal with Liberty Tripadvisor Holdings by Certares Management

5) Maverick Gaming’s asset transaction with Eldorado Resorts for $230m.

Verdict deals analysis methodology

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.