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  1. Deals Analysis
November 19, 2020

Tourism & leisure industry deals in October 2020 total $423.57m globally

Total tourism & leisure industry deals for October 2020 worth $423.57m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 94.03% over the previous month and a drop of 91.9% when compared with the last 12-month average of $5.21bn.

In terms of number of deals, the sector saw a drop of 16.5% over the last 12-month average with 71 deals against the average of 85 deals.

In value terms, North America led the activity with deals worth $196.24m.

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Tourism & leisure industry deals in October 2020: Top deals

The top five tourism & leisure deals accounted for 63.3% of the overall value during October 2020.

The combined value of the top five tourism & leisure deals stood at $268.12m, against the overall value of $423.57m recorded for the month.

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

1) Twin River Worldwide Holdings’ $120m asset transaction with Delaware North Companies Gaming & Entertainment

2) The $48.13m asset transaction with CDL Hospitality Trusts by ADFA Brisbane

3) Summit Partners’ $35m private equity deal with ReKTGlobal

4) The $32.5m acquisition of Blankenberge Casino-Kursaal (Blancas) by Kindred Group

5) Kindred Group’s asset transaction with The Rank Group for $32.5m.

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.

 

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