Tourism & leisure industry deals in Q1 2020 total $20.1bn globally

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

Tourism & leisure industry deals in Q1 2020 total $20.1bn globally

Total tourism & leisure industry deals for Q1 2020 worth $20.1bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 43.6% over the previous quarter and a drop of 27.2% when compared with the last four-quarter average of $27.62bn.

In terms of number of deals, the sector saw a drop of 26.1% over the last four-quarter average with 266 deals against the average of 360 deals.

In value terms, Europe led the activity with deals worth $10.76bn.

Tourism & leisure industry deals in Q1 2020: Top deals

The top five tourism & leisure deals accounted for 62.7% of the overall value during Q1 2020.

The combined value of the top five tourism & leisure deals stood at $12.6bn, against the overall value of $20.1bn recorded for the month.

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

1) The Blackstone Group’s $6.03bn private equity deal with IQSA Services

2) The $4.6bn asset transaction with MGM Resorts International by Blackstone Real Estate Income Trust and MGM Growth Properties

3) Covivio’s $669.3m asset transaction with Varde Partners Europe

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

5) Covivio Hotels’ asset transaction with for $631.39m.

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.