North America’s tourism & leisure industry sees a drop of 35.6% in deal activity in Q4 2020

21st January 2021 (Last Updated January 21st, 2021 09:14)

North America’s tourism & leisure industry sees a drop of 35.6% in deal activity in Q4 2020

North America’s tourism & leisure industry saw a drop of 35.6% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 56 deals worth $4.52bn were announced for the region during Q4 2020, against the last four-quarter average of 87 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 37, representing a 66.1% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with nine transactions, respectively capturing a 17.9% and 16.1% 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 & leisure industry with $2.64bn, while M&A and venture financing deals totalled $1.83bn and $49.75m, respectively.

North America tourism & leisure industry deals in Q4 2020: Top deals

The top five tourism & leisure deals accounted for 87.6% of the overall value during Q4 2020.

The combined value of the top five tourism & leisure deals stood at $3.96bn, against the overall value of $4.52bn recorded for the quarter.

The top five tourism & leisure industry deals of Q4 2020 tracked by GlobalData were:

1) Apollo Global Management’s $2.53bn private equity deal with Great Canadian Gaming

2) The $850m acquisition of SBE Entertainment Group by AccorHotels

3) Eastern Band of Cherokee Indians’ $250m acquisition of Caesars License Co

4) The $183m asset transaction with Hotel Commonwealth and Renaissance Austin Hotel by Xenia Hotels & Resorts

5) Twin River Worldwide Holdings’ asset transaction with Caesars Entertainment for $140m.

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.