Tourism & leisure industry M&A deals in April 2020 total $805.98m globally

20th May 2020 (Last Updated May 20th, 2020 15:46)

Tourism & leisure industry M&A deals in April 2020 total $805.98m globally

Total tourism & leisure industry M&A deals in April 2020 worth $805.98m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 67.3% over the previous month and a drop of 87.3% when compared with the last 12-month average, which stood at $6.36bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $319.96m. At the country level, China topped the list in terms of deal value at $319.96m.

In terms of volumes, Asia-Pacific emerged as the top region for tourism & leisure industry M&A deals globally, followed by North America and then Europe.

The top country in terms of M&A deals activity in April 2020 was the US with 11 deals, followed by China with six and the UK with four.

In 2020, as of the end of April 2020, tourism & leisure M&A deals worth $13.6bn were announced globally, marking an increase of 22.05% year on year.

Tourism & leisure industry M&A deals in April 2020: Top deals

The top five tourism & leisure industry M&A deals accounted for 88.2% of the overall value during April 2020.

The combined value of the top five tourism & leisure M&A deals stood at $710.72m, against the overall value of $805.98m recorded for the month.

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

1) Shanghai Zhengjiu Industrial’s $290.7m asset transaction with GuocoLand (China)

2) The $224.57m acquisition of Porto Carras by Belterra Investments

3) Twin River Worldwide Holdings’ $155m asset transaction with Eldorado Resorts

4) The $25m asset transaction with Caesars Entertainment and VICI Properties by Twin River Worldwide Holdings

5) Wufeng Changyu Water Investment Development’s acquisition of Hubei Chaibuxi Tourism for $15.45m.

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.